Thomas de Monchaux on “austerity,” the word and concept, in the New York Times, hinting at the multiple implications of austerity (including a sort of implicit luxury): Economically, austerity — which the Germans, among others, are intent on forcing upon their southern brethren — can sound like a good idea, but might actually exacerbate the…
Tag: austerity
The Age Of Austerity?
Short piece from July on how the language of austerity (and “shared sacrifice”) is being used in the national debate around debt, stimulus, and taxes. The gist: The language of austerity has so far benefited the Republican position, which is all cuts and no taxes. The piece links to Nancy Pelosi’s statement of July 25…