Abstract
There may be differences over the extent and the timing; but expert opinion all over the world seems to have settled on the treatment for what has come to be feared as an “addiction to debt”.
To cure its addiction to debts, the US has to re-establish the commonsense principle that one should live within one’s means.
[Xinhua (Official Chinese) News Agency, 6th August 2011]
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© 2013 Robert Anthony Rayman
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Rayman, R.A. (2013). The “Austerity” Delusion. In: A Multi-Gear Strategy for Economic Recovery. Palgrave Macmillan, London. https://doi.org/10.1057/9781137304520_16
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DOI: https://doi.org/10.1057/9781137304520_16
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