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Economic strategies distorted by political priorities

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Economic strategies distorted by political priorities
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26-02-2014, 09:35 AM
Both sides of this debate support the need for structural reforms, but Keynesians argue that austerity makes them more difficult to achieve. For instance, if you wish to liberalize the labour market, the initial consequence is likely to be higher unemployment. You need to cushion that through state benefits until the delayed greater efficiency produced [...]

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