Sunday, February 5, 2012

Economics:  The Role of Austerity

The chart here offers one of the better recent snapshots of the American economy that you will find.

The blue line shows the rate at which the government — federal, state and local — has been growing or shrinking. The red line shows the same for the private sector.

For more, see The Role of Austerity by David Leonhardt, January 27, 2012 at Economix.

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