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Austerity is their best weapon

Austerity is so powerful today because it feeds off of itself. It makes people uncertain about their lives, their debts, and their jobs. They become afraid. It’s a strong disciplinary mechanism. People stop joining forces and the political status quo gets locked down.

Woorden van Orsola Costantini, gelezen bij Salon.com

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Austerity has failed

Austerity has failed. But its defenders are willing to claim victory on the basis of the weakest possible evidence: the economy is no longer collapsing, so austerity must be working! But if that is the benchmark, we could say that jumping off a cliff is the best way to get down from a mountain; after all, the descent has been stopped.

Geschreven door Joseph Stiglitz, gelezen bij The Guardian.

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Mario Draghi over austerity

Das Risiko, bei der Nachfragestärkung zu wenig zu tun und damit die Situation auf dem Arbeitsmarkt zu verschlimmern, ist ganz klar größer, als zu viel zu tun

Woorden van ECB voorzitter Mario Draghi, gelezen bij  Die Welt