Krugman: Spend Now, Save Later

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mrstickball

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mrstickball on 23 July 2010

numonex said:

Spend more money through Economic Stimulus or implement harsh Economic Austerity measures? Both measures will result in much bigger debts. What is the lesser of the two evils?

How will austerity lead to bigger debts? Please explain.

Back from the dead, I'm afraid.

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