Growth vs. Austerity: A False Choice

Publication Date

7-15-2013

Document Type

Article

Organizational Units

Sturm College of Law

Keywords

Economic growth, Austerity, Deficit

Abstract

Promoters of austerity assert that when government deficits reach a certain critical level, economic growth becomes unsustainable. Advocates of growth contend that austerity itself stifles growth.

Is it possible that both sides in this debate are right — and wrong?

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