Austerity is always a bitter pill, and one that a growing chorus of political and business leaders, economists, and voters is refusing to swallow. But, given high debt burdens and rising borrowing costs in many countries, is there a viable alternative to rapid fiscal consolidation? Project Syndicate’s commentators examine the arguments and weigh the evidence.
Austerity is always a bitter pill, and one that a growing chorus of political and business leaders, economists, and voters is refusing to swallow. But, given high debt burdens and rising borrowing costs in many countries, is there a viable alternative to rapid fiscal consolidation? Project Syndicate’s commentators examine the arguments and weigh the evidence.