For many years, respected macroeconomists scolded countries that failed to reduce their debt levels. The International Monetary Fund, whose job it is to lend money to poor countries in crisis, long demanded fiscal austerity in exchange for aid. In Japan, economists darkly warned of a solvency crisis as that country’s debt climbed. In the U.S.,
To Continue Reading This Article
Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.Learn More and Become a Subscriber













