this post was submitted on 30 Aug 2023

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Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push (news.yahoo.com)

submitted 1 year ago by tintory@lemm.ee to c/worldnews@lemmy.ml

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[–] elouboub@kbin.social 1 points 1 year ago

According to a 2020 study, austerity increases the risk of default in situations of severe fiscal stress, but reduces the risk of default in situations of low fiscal stress.

https://en.wikipedia.org/wiki/Austerity#Empirical_considerations

Hammer, see nail.