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Austerity The History of a Dangerous Idea

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ISBN-10: 019982830X

ISBN-13: 9780199828302

Edition: 2013

Authors: Mark Blyth

List price: $24.95
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Conservatives today have succeeded in casting government spending as useless profligacy that has made the economy worse, centering the policy debate in the wake of the financial crisis on draconian budget cuts. We are told that we need to live in an age of austerity since we have all lived beyond our means and now need to tighten out belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing…    
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Book details

List price: $24.95
Copyright year: 2013
Publisher: Oxford University Press, Incorporated
Publication date: 4/25/2013
Binding: Hardcover
Pages: 224
Size: 8.60" wide x 5.90" long x 1.10" tall
Weight: 1.188
Language: English

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