Part 1: Austerity vs. stimulus
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Part 1: Austerity vs. stimulus
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6.5K views · 367 reactions | The experience of other countries provides a sobering glimpse of what would have happened had Australia not enacted fiscal stimulus during the Global Financial Crisis. Governments that were timid in deploying fiscal stimulus, and those who moved in exactly the wrong direction by inflicting austerity on their citizens, are still feeling the enormous economic and human cost of their response. | Wayne Swan | Facebook
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