Comment on Dr. Philip Neches: Invest Our Way Out

Dr. Philip Neches: Invest Our Way Out

The deficit hawks ruled the roost at this weekend's G20 meeting in Toronto. Governments agreed to cut their deficits in half by 2013. Is this move a good thing, or a bad thing? Markets reacted tepidly on Monday, as fears that austerity could trigger deflation countered positive sentiment that lowering deficit rates could prevent future inflation.

 

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