http://www.washingtonpost.com/opinions/the-speed-read-paul-krugmans-end-this-depression-now/2012/05/04/gIQALJl31T_story.html The governments should finally start spending, Nobel laureate in economics Paul Krugman recommends in his new book End This Depression Now, where he sharply criticizes the austerity programs. So let's look a bit closer.
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When a viable economy already exists, it could pull itself through production, in other words the machine has inertia. When there is none, stopping the wheel from moving means the whole machine stops altogether and it is very difficult to bring it back to motion.
Just a layman's sort of reasoning, if you don't mind.
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