Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Professor_Mark_Blyth__Lisbon_December_2013_final (1).pdf

Professor_Mark_Blyth__Lisbon_December_2013_final (1).pdf

Ratings: (0)|Views: 1,589 |Likes:
Published by David Crisóstomo

More info:

Published by: David Crisóstomo on Dec 03, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

12/06/2013

pdf

text

original

 
Austerity: The History of a Dangerous Idea
“Does Austerity Kill? Does Austerity Cure?”
IDEFF - Law School of Lisbon University November 29
th
 2013
 
So What is Austerity Anyway?
Austerity is not cutting
when you grow. Cutting
when you grow is commonly known as
‘sensible economic policy.
 
“The Boom, not the slump, is the time for Austerity”
 
J.M. Keynes, 1933
Austerity is cutting in a slump, which is turbocharged when everyone does it at the same time and they are all each others trading partners
 
”It is an
undisputable fact
that excessive state spending has led to unsustainable levels of debt and deficits that now threaten our economic welfare. Piling on more debt now will stunt rather than stimulate growth in the long run. Governments in and beyond the Eurozone need not just to commit to fiscal consolidation and improved competitiveness
 –
 they need to start
delivering on these now.”
 
W. Schauble, 2010
 
 
So we have to cut the debt
 –
 right?

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->