Veronique de Rugy on the Difference Between Good Austerity and Bad

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In testimony this week before the Senate Budgetary Committee, Reason columnist and Mercatus Center researcher Veronique de Rugy addressed the effect of tax increases and spending cuts on economic growth. As she explained, in the pursuit of debt reduction, it is important to remember that the type of fiscal adjustment that we implement is more important than its size.

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