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Mark Thornton: The Latest Greek Debt Deal Only Works if Government Spending Is Cut

August 11, 2015 in Economics

By Ryan McMaken

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Mark Thornton: The Latest Greek Debt Deal Only Works if Government Spending Is Cut

August 11, 2015

With the latest round of talks between European creditors and Greek debtors, there is renewed talk of austerity. But, as Mark Thornton points out in this video, “austerity” only works when it means actual cutting of government spending on government-employee salaries, on government…

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Source: MISES INSTITUTE

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