Mark Thoma über Jonathan Portes über die Empfehlungen des IWFs zur Finanzpolitik in den Industriestaaten.
"I think it's also important to recognize that much of the push for austerity is ideological. The real goal is smaller government by whatever means and the (failed) confidence fairy economic argument - the idea that cutting the deficit would increase our confidence in the future and cause enough spending to more than compensate for the austerity measures - is used to justify cutting government spending. This is why those who push for austerity only want to talk about cutting government spending. Increasing taxes, another way to close the budget gap and call the mythical confidence fairy, is completely off the table."