Articles by this author
Friday, September 23, 2011
The Folly of Scrapping Stimulus
World leaders are now learning the folly of hastily declaring victory over the worst effects of the Great Recession. Turns out we’re not even remotely out of the woods after the worst economic collapse since the Depression of the 1930s. With the Great Recession consigned to the history books, austerity became the mantra among the advanced economies that had suffered most from the epic downturn.