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IPFS News Link • Economy - International

Mark Thornton Explains the Real Meaning of Austerity

• Lew Rockwell blog
Real austerity is not adding more difficulties on the productive sector of the economy in the form of higher taxes. The private sector produces, the public sector consumes. The IMF’s idea of raising taxes on individuals to pay off international banksters is bad economics and is not real austerity.

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