<
http://www.theage.com.au/comment/trickledown-theory-all-washed-up-now-20140527-zrpcc.html>
"The International Monetary Fund is one of a number of influential
groups now raising concerns that austerity budgets in a post-GFC world
not only contribute to inequality but also act as a major brake on
sustainable economic growth. The IMF's vocal stance is particularly
significant because it comes from the group most synonymous over the
past three decades for advocating big social service cuts to spur growth."
* "Inequality impedes growth"
Via Glenn Murray.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://www.xanadu.com.au/ Chief Scientist, Xanadu
http://www.glasswings.com.au/ Partner, Glass Wings
http://www.sericyb.com.au/ Manager, Serious Cybernetics
