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Bernanke’s Welcome Lecture on Austerity Economics
Not only did he put pressure on G.O.P. leaders to compromise in the dispute over the sequester; he also called on European countries to ease up on their austerity policies, saying that they could adopt a “more judicious balance” of short-term and long-term fiscal consolidation.
John Cassidy on Ben Bernanke’s lecture to Congress that spotlighted the harsh truths about austerity economics: http://nyr.kr/X944xQ
