Ojo Del Lago

Ojo Del Lago

Austerity Snake Oil

Austerity Snake Oil Courtesy of Beverly Bandler   “Fiscal contraction…is precisely the doctrine expounded by Herbert Hoover in 1932.” – Paul Krugman —Joseph E. Stiglitz  “I think Europe is headed to a suicide…There has never been any successful austerity program in any large country.” “Decreasing growth is causing the deficit, not the other way around.

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