Fiscal Austerity After The Great Recession Was A Catastrophic Mistake

After the Great Recession, many countries embarked on fiscal austerity to reduce debt and deficits as a proportion of GDP. But according to research presented at Jackson Hole, this was completely the wrong medicine for their wounded economies.

from Forbes Real Time //www.forbes.com/sites/francescoppola/2017/08/31/fiscal-austerity-after-the-great-recession-was-a-catastrophic-mistake/
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