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LeoMarr posted:Can someone explain to me how Austerity works in economics. I understand the concept but not the implemetation and how it actually saves an economy It doesn't. Hth. In all seriousness, it just doesn't. Every place austerity was tried post recession recovered more slowly than places that had neutral of stimulus policies. Austerity in the face of a recession involves putting a lot of people out of their jobs in the middle of an unemployment crisis to somehow fix the Economy. It is stupid.
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Jul 15, 2015 23:06
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LeoMarr posted:could austeriry work if they cut some spending but left other spending unchanged or larger Have you tried kill all the poor? Or what about raise VAT and kill all the poor.
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Jul 16, 2015 00:22
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