The Great Debate© – Can Austerity Produce Recovery from The Great Recession?

It has been argued by some that austerity can aid recovery. This assertion is argued from both sides in this Great Debate. Dean Baker of the Center for Economic Policy and Research says that austerity can produce growth but not in the current circumstances in the U.S. Ben Broadbent and Kevin Daly of Goldman Sachs have argued that austerity can lead to recovery from the Great Recession.