Free Market
Author:
Mark Thornton
Online Publish Date:
The Free Market 31, no. 2 (February 2013) Austerity has been hotly debated as either an elixir or a poison for tough economic times. But what is austerity? Real austerity means that the government and its employees have less money at their disposal. For the economists at the International Monetary Fund, “austerity” may mean spending cuts, but it