The Bleeding Cure
Sept. 18, 2011
In Europe, troubled nations like Greece and Ireland have imposed savage cuts, even as stronger nations have imposed milder austerity programs of their own. In the United States, the modest federal stimulus of 2009 has faded out, while state and local governments have slashed their budgets, so that over all we’ve had a de facto move toward austerity not so different from Europe’s.
Strange to say, however, confidence hasn’t surged.
http://www.nytimes.com/2011/09/19/opinion/economic-bleeding-cure.html?_r=1&partner=rssnyt&emc=rss
No comments:
Post a Comment