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Wednesday, May 23, 2012

Bad Rationalizations for Austerity

Raghuram Rajan has the worst excuse for austerity I've read today:

Austerity is painful ... shared tax increases and spending cuts can instill a sense of national purpose to help a country weather tough times...

    Posted by on Wednesday, May 23, 2012 at 10:14 AM in Economics | Permalink  Comments (41)


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