and an Example.
INTRO:
For a while now I have been arguing that Europe’s policies for reducing the public debts of fiscally stressed member-states can be described as a Ponzi austerity scheme. In this post I attempt precisely to define ‘Ponzi austerity’.I'm not well informed on EU economic progress since the crash, but I think it's obvious austerity here in the U.S. is not working-- not for we the people, that is.
And I think Ponzi austerity needs to be examined here, particularly in the context of a rising stock market, huge wealth increase for those at the top, while at the other end of the spectrum there's a stark contrast; we're sucking gas in regard to creating jobs and rising income for the poor and middle class.