Austerity: A Dangerous Idea?

For those who like to have their Håagen Daz and eat it too, there is good news from Ivy League professor Mark Blyth: “Austerity: The History of a Dangerous Idea.”

Blyth’s recent book says you do not help a country like Greece by imposing tax hikes, spending cuts and the like. You help Greece by focusing on growth. As the economy expands, so says Blyth, the next generation will have less proportional debt than their parents. This is because the economy will be bigger. It’s all about the cardinal truth of macroeconomics: “the whole is different from the sum of its parts.”

In round figures, I think this means we can have our dish of Håagen Daz — Macademia Nut preferred — and eat it too!

Mind you, the IMF is not going to be happy with your numbers. Cholesterol numbers, that is.

Published by jckatlarge

John Charles Kerr has a couple of books in print. One is a devotional. published by Thomas Nelson: "IN THE CLEFT OF THE ROCK." The other, published by Essence, "HIDDEN RICHES AMONG THE POOR: REFLECTIONS ON THE VIBRANT FAITH OF AFRICA." These books can be found on Amazon. Partnering with Ruth who teaches English and Music, colleague of Dr. Adrian Chalwe & Dr. Victor Chanda, graduating 30+ community leaders-per-year, in vibrant fellowship with the Zambian Pentecostal Assemblies of God, father of Bob and Jeff, grandfather of April, Nathan, Lucy, Emma, Charlie, Betty & Dottie!

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