Tag Archives: theaustralian

Paradox of Thrift in recessions and depressions

Posted on April 4, 2020 by Gene Tunny

The Australian’s economics editor Adam Creighton is today advocating for public sector wage cuts by Australian governments, a policy which may be morally virtuous but would be economically damaging in this time of economic contraction, in my view (see Coronavirus … Continue reading →

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , | 6 Comments