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David Stuckler & Sanjay Basu - The Body Economic: Why Austerity Kills - Recessions, Budget Battles, and The Politics of Life and Death In it they look at the r
by MrDresden 5y ago
David Stuckler & Sanjay Basu - The Body Economic: Why Austerity Kills - Recessions, Budget Battles, and The Politics of Life and Death
In it they look at the results that austerity measures had on societies around the western world following the aftermath of the 2007/2008 financial crisis, as well as comparing those results with those had in nations where social systems where protected instead.
Effectively it was one big natural experiment, and I can not wait to see what they write up about the ongoing crisis in a few years time.
- specialist 5y agoWill read, thanks. Graeber's book Debt rewired my brain. (I was also greatly influenced by Kevin Phillips' Wealth and Democracy, back in the day.) IMHO, the advocates of MMT (modern monetary theory) don't dare nearly enough. My current worldview: "Governmental spending is a loan that we repay thru taxes."