"Fiscal responsibility" means cutting spending, something that is inherently deflationary during a recession, as seen in the disastrous Depression-era policies of President Herbert Hoover.
In 1933, when the Glass-Steagall Act was passed, it helped break up the biggest banks of the day and for good reason: they had had a major hand in triggering the most disastrous economic depression our country ever experienced.
Following a deep and disastrous economic depression that ended in 2002, Argentina has recovered well, and is now stable economically.
The budget deficit is forecast by the Treasury to equal 12.6% of GDP in 2009-10, and a still shocking 12.0% in 2010-11.Investors were prepared to accept these emergency policy settings last year in order to ward off a possible disastrous slide into depression and deflation.
His last school had been disastrous, catapulting him into depression.
"To tell a LGBTQ child that they should live a life void of a loving, committed relationship if that's what they seek to have is setting a child up for a disastrous life — one of depression, loneliness.
Winston Churchill's parents famously neglected him, so he indulged his children, with several disastrous results, including drink and depression.
She grew up in Detroit with a father absorbed by radical Communism and a mother who she describes as "a disastrous combination of fury and depression".
But inflation is not the danger Europe faces today, and German history should make them equally wary of the disastrous consequences of a new depression.
The result, as Harold James documents in "The End of Globalization: Lessons From the Great Depression," was a disastrous backlash against globalization.
Unable to avert the disastrous effects of the Great Depression on Germany in 1929, he was forced to resign his second chancellorship.
