Stephanie Bottrill, aged 53, became another suicide statistic and a grim reminder of the harmful impact of the UK welfare reforms last month, according to reports. In her suicide note, it was said she…
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Articles on Austerity
Displaying 261 - 275 of 275 articles
The economic literature is full of excellent articles that are not read outside small academic circles. There are, however, important exceptions. “Growth in a Time of Debt”, by Carmen R. Reinhart and Kenneth…
Italy has had several crucial elections in the past. In 1946, right after the end of World War II, citizens were called to decide between Republic and Monarchy. Two years later, the 1948 general election…
In a rare volte-face, the International Monetary Fund this week admitted that it grossly underestimated the impact of the austerity regime it advised Europeans to adopt. A paper authored by IMF chief economist…
Middle-income tax increases, corporate tax cuts and below-inflation increases in maternity leave and housing allowances form the centrepiece of British Chancellor of the Exchequer George Osborne’s Autumn…
I was sitting in a session at the Institute of Public Administration Congress recently where Greg Hywood, the CEO of Fairfax, boldly announced that the public sector simply did not understand cuts. Not…
Since 2010, many European governments have adopted austerity policies in an attempt to reduce the budget deficits and increases in government borrowing that were caused by the 2007/8 financial crisis…
The 2012-13 Queensland budget was the most anticipated policy announcement in several decades. The cut-backs in public sector employment previously forecast and cost saving measures announced in the early…
Yesterday the Federal Reserve announced limited measures to boost the economy. Whatever effect they will have on the economy, they are unlikely to be of any benefit to Obama. Indeed, history shows that…
Having read that the outcome of the Greek elections points to a continuation of the push for fiscal austerity in that country, my heart sunk. Then I see that our own Prime Minister has been quoted as telling…
To free the age from its captivity, To create a brand new world, The discordant, tangled days Must be linked, as with a flute. –Osip Mandelstam, The Age (1923) There is an air of impending disaster in…
The lingering commitment to austerity of leading Western politicians in the face of impending economic tragedy is beyond belief. The dismal science is a sobriquet often wrongly applied to economics, but…
Ten days ago, the political landscape in Europe changed profoundly. Greece voted in the main to elect parties from the far right and far left who are opposed to austerity, and France elected a socialist…
The answer, even though they see over and over again that austerity leads to collapse of the economy, the answer over and over [from politicians] is more austerity. – Joseph Stiglitz, Asian Financial Forum…
The seismic forces propelling the socialist contender to the Elysee Palace have been caustically dismissed by Bret Stephens, a prominent columnist for the Wall Street Journal, as the result of the conceited…
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