Tag Archive for Fiscal Deficits

“The Wrong Austerity Cure” by Laura Tyson | Project Syndicate

BERKELEY – Fiscal profligacy did not cause the sovereign-debt crisis engulfing Europe, and fiscal austerity will not solve it. On the contrary, such austerity has aggravated the crisis and now threatens to bring down the euro and throw the global economy into another tailspin. Follow the money. Find the profits!Liquidity is money. Regardless of where…