Nation of Beancounters

Sentences to ponder

Posted in Uncategorized by Navin Kumar on February 21, 2012

Ironically, postponing austerity is most likely to succeed when there is lots of trust in a country (and in fact whether or not that trust is deserved).   You can imagine the Swedes agreeing to themselves “we’ll cut spending three years from now” but the Greeks not, not without external constraint.  Thus, writers who unmask the depravity of the American polity, and who polarize opinion, are oddly enough doing harm to the anti-austerity point of view.

- Tyler Cowen. My explanation of the logic of austerity here.

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