Watkins, Tim
Austerity
- ISBN 13:
- 9781514100004
- author:
- Watkins, Tim
- format:
- Paperback / softback
- publisher:
- Createspace
- language:
- English
- Publication Year:
- 2015
- Pages:
- 86
- Dimensions:
- 22.9 x 15.2 x 0.5 centimetres (0
- Genre:
- Business, Money Investment, Monetary Policy,
- Condition:
- New
- Availability:
- Item usually sent within 7 working days
Description
Austerity Will Kill The Economy by Tim Watkins The idea that cutting public spending is the key to economic growth has been widely accepted by politicians and economists. However, the experience of 2010-15 suggests that austerity has failed to deliver. Despite savage cuts to social security, the coalition government's efforts to reduce public debt actually led to a significant increase in the national debt. The early cuts triggered a recession, and economic growth has been anaemic ever since. This book argues that politicians' fundamental misunderstanding of how money is created has brought about the conditions for the biggest economic crash in human history. Tim Watkins examines the consequences of austerity policies and why they may be causing more harm than good. By understanding the underlying causes of economic instability, readers can gain a deeper insight into the impact of austerity on the economy. This book provides a clear and concise explanation of the issues at stake, making it an essential guide for anyone looking to understand the complexities of modern economics.
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