The Austerity Paradox: Why Countries Shying Away from Debt End Up Losing Money
Countries that shy away from debt end up with no more money in their coffers. The opposite is the case: investments become tax revenue. Gave the austerity paradox its name and would be quite old by now: the old British economist John Maynard Keynes Photo: xLIFE Picture Collection/Pond5/imago Which country did better? Italy’s national debt … Read more