Austerity and Growth
https://portside.org/2017-12-18/austerity-and-growth
Portside Date:
Author: Bill Gross
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fundweb
'The UK and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You’ve got to spend money.'
Bill Gross, head of Pimco,
the world’s largest bond fund