Monthly Archives: July 2012

Procyclicalists Across The Atlantic Too

My preceding postbemoaned the tendency for many US politicians to exhibit a procyclicalist pattern of behavior:    voting for tax cuts and spending increases when the economy is booming, which should be the time to save money for a rainy day, … Continue reading

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The Procyclicalists: Fiscal Austerity vs. Stimulus

The world is in the grip of a debate between fiscal austerity and fiscal stimulus.  Opponents of austerity worry about contractionary effects on the economy.  Opponents of stimulus worry about indebtedness and moral hazard. Is austerity good or bad?   It is … Continue reading

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