Endless deficits, mounting public debt, stagnant economies —time to get out of the illusion and face the reality! Only tough decisions will get the world’s economies out of trouble.
Austerity the word went so viral that Merriam – Webster has named it the word of the year for 2010. Ardent followers of Keynesian school have always believed in spending more to get out of precarious fiscal deficit situations. On the other hand, the followers of austerity believe that taking the hard way of cutting…