Can I take your number? こちら buy plavix baikal-pharmacy.com Third, while RR’s work, even unqualified by the recent replication efforts, did not support the claims made by the prominent figures on the right in the U.S. and UK regarding the urgency of deficit reduction efforts, much of the joy taken on the left in their embarrassment is inappropriate. It is absurd to blame them for austerity policies. The authors of those policies chose the policies first and only then cast about for intellectual ballast. While there may be no threshold beyond which debt automatically becomes catastrophic, and while the British and American experiences are both suggesting that fiscal contraction in a slack economy where interest rates are near zero is inimical to growth, it is a grave mistake to suppose that the debt can or should be accumulated with abandon. On all but the most optimistic forecasts, further actions will be necessary almost everywhere in the industrial world to assure that debt levels are sustainable after economies recover. Now is not the time for austerity, but we forget at our peril that debt-financed spending is not an alternative to cutting other spending or raising taxes but only a way of deferring these painful acts.
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