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During the crisis the ECB maintained a holier-than-thou attitude of fiscal responsibility while looking down their noses at expansive stimulus programs in the U.S.
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And the Czech Republic, with a deficit of 7.6%, is displaying a positively bohemian attitude to fiscal responsibility.Need they worry?
Canada has not had the fiscal problems seen in many other major economies, so we do not know much about his attitude to fiscal tightening either.
The danger does not arise from the fiscal deficits of today, but the attitudes to fiscal policy, over the long run, of one of the two main parties.
Analysis of the interactions and links made between these themes confirmed an overall unfavourable attitude and low level of acceptability to the use of fiscal policies to change behaviour.
The Mets have so far resisted talk-radio clamor to sign Manny Ramírez for a few years at $20 million or more a season, which may be less a sign of fiscal prudence than of concern about his age and attitude.
Macroeconomic Effects of Fiscal Consolidation".
The costs of fiscal laxity were low.
It was a season of fiscal perestroika.
But the flip side of fiscal stimulus is fiscal tightening.
It has become fashionable to apply the term "libertarian" to almost any group that takes a more conservative attitude toward fiscal policy than toward social policy and generally takes a non-interventionist view of foreign policy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com