From the Australian Financial Review: Joseph Stiglitz tells Tony Abbott to spend more
… Well, there’s a shock (not). Correct me if I’m wrong but Stiglizt does tend to err on the side of spending more.
Nobel laureate and Columbia University economics professor Joseph Stiglitz says the Abbott government should be looking to spend more rather than making major budget cuts:
- “Australia is in a very good fiscal position”
- “I would have thought the focus should not have been on cutting spending, [and] fiscal stringency, but on investing more for the future.”
- “I’d be advocating spending more, not less.”
