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They argue, inter alia, that consolidating in a downturn is twice as risky as doing it in an upturn

reflationary road the the Roosevelt administration took through the depression years [...] the National Industrial Recovery Act and the Agrictultural Adjustment Act through the Social Security Act and the Wagner Act's focus on maintaining consumption

when you hand over your goods (an export) to someone far away, that the money in which they will pay you back (as payment for their import) is not just a pile of worthless paper--the so-called fiat money problem?

EU policy in the European periphery as little more than a localized set of structural adjustment policies