Shock Therapy: Recession and Conflict

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Six weeks ago I wrote here a column about the announcement of candidate Kast to make a $6 billion fiscal adjustment in 18 months. I said it was a bad idea for two reasons: because fiscal shock puts at risk the current low growth and because shock therapy would have bad consequences for the functioning of the state. In the meantime, two clarifications emerged that are intended to help understand. It was said that $3 billion will be for bills and …