I'm genuinely curious to the reasoning behind austerity - I confess to not having any academic qualifications in economics but it does seem to me that deliberately removing services from the poorer sections of society is going to introduce more friction to the system, which will lead to poorer outcomes in general. The fact that our public debt continued to soar, even before the pandemic, seems to me to suggest that even on its own terms it wasn't a winning argument.
Do you have any sources that make the argument for austerity? This is a genuine question - as I say I have no formal background in the subject but from what I've managed to find I have found little in the way of convinvcing arguments.
Do you have any sources that make the argument for austerity? This is a genuine question - as I say I have no formal background in the subject but from what I've managed to find I have found little in the way of convinvcing arguments.