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February 1st, 2014
Austerity, pin pricks, and burst balloons

By Dickson Igwe

The following narrative is a snapshot of modern economic history. It reviews the divergences between Austerity and Stimulus. It is a short history of economic thinking from the 1970s up and until the Great Recession of 2007. It also looks at some inherent historical weaknesses in the two economic models.

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