jupitersterrain four

Katyia1 October 2012 12:15PM

I was trying to find something interesting on austerity - - - it all seems
very black and white - - - generally not considered cool - - - surely
it depends what your definition is of austerity and where it is applied.
Somone asked the other day that why did we recover from the
great depression quicker than America and when i looked it up
it seemed that it was our application of austerity at the right moment
- - - followed by a release of that pressure presumably - - - and then
another said that Hollande has implemented a scheme of taxing
higher earnings while easing up on the rest - - - a very different application
to Camerons idea of the same - - -

It places heavy emphasis on austerity measures, raising new revenues through increased corporate and personal taxes, and freezing total government spending

http://www.nytimes.com/2012/09/29/world/europe/hollandes-new-budget-focuses-on-cutting-frances-deficit.html
note freeze of public spending not cuts - - - so in view of all that I would say that
Keynes is wrong to apply austerity to boom times - - - although there are
times when stimulus might be nurture possibly as a last resort - - -
aking care not to stifle growth with too much nursing activity - - -
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