• A government decision that slashes spending at the wrong time and sends a weak economy into a tailspin can be just as undisciplined as one that unleashes a wasteful spending spree in an overheated environment.

    Peter Blair Henry: A government decision that slashes spending at the wrong time and sends a weak economy into a tailspin can be just as undisciplined as one that unleashes a wasteful spending spree in an overheated environment.
    Peter Blair Henry (2013). “Turnaround: Third World Lessons for First World Growth”, p.10, Basic Books
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