Loading...

Cutting our noses to spite our faces

, 30/11/2010

The trouble with austerian logic is that it is grossly illogical. It does not even make sense in terms of the logic of microeconomics, let alone that of macroeconomics. Consider the current conundrum facing Greece and Ireland, the eurozone’s set of failed states (so far): Both countries have been forced to slice 10% off government […]

Cookies help us deliver our services. By using our services, you agree to our use of cookies. More Information