Quotes 1 till 6 of 6.
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Americans have always been able to handle austerity and even adversity. Prosperity is what is doing us in.
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Bond investors want growth much like equity investors, and to the extent that too much austerity leads to recession or stagnation then credit spreads widen out - even if a country can print its own currency and write its own cheques.
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Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business.
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So-called ''austerity,'' the stoic injunction, is the path towards universal destruction. It is the old, the fatal, competitive path. ''Pull in your belt'' is a slogan closely related to ''gird up your loins,'' or the guns-butter metaphor.
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The seminaries must be like the churches' poor relations, prolonging their existence with austerity.
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The U.K. 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.
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