Friday, April 20, 2012

Christina Romer Pleads for Less Austerity, More Stimulus

Add another voice to the chorus calling for European nations to rethink their disastrous commitment to austerity before it is too late.

Incidentally, Romer shrewdly notes that Sarkozy's retirement reform is a back-loaded fiscal consolidation of the type she recommends and further observes that Hollande will retain it with only minor modifications, both points I have made repeatedly.

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