4 ms·

The west hasn’t seen proper austerity yet, just barely warming up. Maybe soon.

• DoingIsLearning 4y ago
  > The west hasn’t seen proper austerity yet, just barely warming up. European Troika (EC+ECB+IMF) debt induced Austerity literally _caused_ deaths in the heart of Europe. [0] This pretty much seems like 'proper' austerity unless you feel that we need perestroika living conditions for austerity to be real. [0] https://www.forbes.com/sites/francescoppola/2018/08/31/the-terrible-human-cost-of-greeces-bailouts/ https://www.forbes.com/sites/francescoppola/2018/08/31/the-t...
  • mise_en_place 4y ago
    The austerity will come when yields spike to 10%.
  • inter_netuser 4y ago
    All sorts of government policies induce deaths: leaded gasoline, lax pharmaceutical safety, etc. Maybe we should be more frank? Debt is an abomination and is evil.