Austerity Games, Here And There - NYTimes.com

Austerity Games, Here And There - NYTimes.com

Austerity Games, Here And There
Early last year, many people on both sides of the Atlantic seized on the idea that less is more — that cutting spending would actually help, not hinder, recovery. There was a paper by Alesina and Ardagna that seemed to provide evidence to that effect, and nothing succeeds like telling people what they want to hear.