Re:Austerity Is an Antidemocratic Strategy to Boost Capital
by marcosdumay on Wednesday January 10, 2024 @11:37AM
(#38940416)
> governments may have to temporarily rein in some spending following a crash or time of economic hardship
The most popular theory (and one with some quite good empirical support) is that government should increase spending exactly following a crash or time of economic hardship. That has been the mainstream economical thinking for near a century.
What people mostly disagree with each other is what to do on times of strong growth.
The most popular theory (and one with some quite good empirical support) is that government should increase spending exactly following a crash or time of economic hardship. That has been the mainstream economical thinking for near a century.
What people mostly disagree with each other is what to do on times of strong growth.