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What austerity looks like, in three graphs

Business & Finance : Ezra Klein

This is what austerity looks like: What you’re seeing there is the unemployment rate and the structural budget deficit across all of Europe. “Structural budget deficit” is a technical term: It means the deficit that’s been created b...

Gene Marks: Bring On the Fiscal Cliff

Business & Finance : Huffington Post: Business Blog

If the government does nothing, then our short and medium term budget deficit problems effectively go away. So let's do it. Let's do this. Let's go over the fiscal cliff. Seriously.

I Was Wrong... It Looks Like A Very Bad Piece Of Fiscal Policy Is About To Go Into Place

Business & Finance : Business Insider: Clusterstock

A key policy goal right now is to minimize short term austerity since the deficit as a percent of GDP is already shrinking quickly, and the deficit should continue to shrink over the next few years. So my view has been that somethin...

Simon Wren-Lewis: OK, You Have Demonstrated You Are Serious About the Long-Run Deficit. Now Back Off on the Austerity for a While...

Business & Finance / Economics : Grasping Reality with Both Hands

Simon Wren-Lewis: >mainly macro: Austerity and not wasting a crisis: In the short term we need stimulus, whereas fiscal discipline is a long term problem. We need to raise taxes and cut spending when times are good, not when times a...

The massive $500 billion budget deal could be coming at exactly the wrong time for the economy

Business & Finance : Business Insider: Clusterstock

Congress passed a massive two-year budget deal on Friday, ending a short government shutdown. Economists are trying to piece together what the package means for the economy. Some argue that its massive amounts of fiscal stimulus com...


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