Australia had the shortest and shallowest of recessions of the advanced industrial countries, thanks to one of the best-designed Keynesian stimulus packages in the world. But that hasn't stopped opponents from focusing needlessly on inefficient spending, and on the fiscal deficit that the downturn and the government’s response created.
Read this J.E. Stiglitz's article on the Project Syndicate website here.
Geen opmerkingen:
Een reactie posten