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We can only cut debt by borrowing | Martin Wolf's Exchange | FT.com - 1 views

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We can only cut debt by borrowing | Martin Wolf's Exchange FT.com

shared by thinkahol * on 03 Oct 10 - No Cached

thinkahol * on 03 Oct 10

"You can't cut debt by borrowing." How often have you read or heard this comment from "austerians" (a nice variant on "Austrians"), who complain about the huge fiscal deficits that have followed the financial crisis? The obvious response is: so what?

<div class="cArrow"> </div><div class="cContentInner">"You can't cut debt by borrowing." How often have you read or heard this comment from "austerians" (a nice variant on "Austrians"), who complain about the huge fiscal deficits that have followed the financial crisis? The obvious response is: so what?</div>

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