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Index
Cover
Front Matter
Introduction: Debt, Deficits and Austerity
A Citizen’s Guide
Austerity Politics
Austerity in Practice
Austerity Politics and Reality
1 We Must Live Within Our Means
The Myth Itself
What Are Our Means?
How Governments Borrow
Public Sector Auto-Finance
From Myth to Reality
2 Governments Must Balance Their Books
The Myth Itself
Budget Uncertainty
Why Do Governments Tax?
From Myth to Reality
3 We Must Tighten Our Belts
The Myth Itself
The Affordability Fallacy
Social Protection and Equity
From Myth to Reality
4 Never Go into Debt
The Myth Itself
Why Debt Accumulates
Debt and the Economic Cycle
Myth and Reality
5 Taxes Are a Burden
The Myth Itself
The Eponymous Taxpayer
Taxes in the Concrete
From Myth to Reality
6 Austerity: There is No Alternative
The Myth Itself
Public Debt Disasters
Euro Debt Crisis and the TINA Principle
Fear of Deficits and Inflation
From Myth to Reality
7 Always an Alternative
Decommissioning Exchange Rates
Decommissioning Monetary Policy
Decommissioning Fiscal Policy
There is an Alternative: Democracy
Index
End User License Agreement
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