oldfart
Older than dirt
As near as I can tell not much. The only significant difference I see is that European style austerity does not include tax cuts for anyone.
The question comes up because we have a lot of recent data on the success or failure of austerity in promoting economic growth (austerity is a total bust) and I'm wondering if and when some thinkers will argue that austerity plus tax cuts for "job-creators" is better than just austerity alone and better than demand based remedies.
What say you?
The question comes up because we have a lot of recent data on the success or failure of austerity in promoting economic growth (austerity is a total bust) and I'm wondering if and when some thinkers will argue that austerity plus tax cuts for "job-creators" is better than just austerity alone and better than demand based remedies.
What say you?