{"id":2757,"date":"2011-11-30T15:31:09","date_gmt":"2011-11-30T20:31:09","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=2757"},"modified":"2011-11-30T15:51:33","modified_gmt":"2011-11-30T20:51:33","slug":"the-austerians-secret-plan-to-devastate-corporate-profits","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/the-austerians-secret-plan-to-devastate-corporate-profits\/","title":{"rendered":"The Austerians&#8217; Secret Plan to Devastate Corporate Profits"},"content":{"rendered":"<p>Speaking of <a href=\"http:\/\/www.multiplier-effect.org\/?p=2727\">balances<\/a>, late last week Martin Wolf delivered a helpful column <em><\/em> (&#8220;Why cutting fiscal deficits is an assault on profits,&#8221;\u00a0 <em>FT<\/em> Nov. 24).\u00a0 Wolf writes that if households are cutting back, a government that attempts to reduce deficits while anticipating no substantial changes in net exports must expect corporate surpluses to shrink.\u00a0 But increased investment is unlikely, so:\u00a0 &#8220;If the government wishes to cut its deficits, other sectors must save less. &#8230; What the government has not admitted is that the only actors able to save less now are corporations. The government\u2019s \u2013 not surprisingly, unstated \u2013 policy is to demolish corporate profits.&#8221;<\/p>\n<p>Wolf is consistently <a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/448bb4e0-15f2-11e1-a691-00144feabdc0.html#axzz1ejfPbJNo\">worth the read<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Speaking of balances, late last week Martin Wolf delivered a helpful column (&#8220;Why cutting fiscal deficits is an assault on profits,&#8221;\u00a0 FT Nov. 24).\u00a0 Wolf writes that if households are cutting back, a government that attempts to reduce deficits while anticipating no substantial changes in net exports must expect corporate surpluses to shrink.\u00a0 But increased [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,49],"tags":[45],"class_list":["post-2757","post","type-post","status-publish","format-standard","hentry","category-eurozone-crisis","category-fiscal-policy","tag-european-debt-exposure"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=2757"}],"version-history":[{"count":14,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2757\/revisions"}],"predecessor-version":[{"id":2793,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2757\/revisions\/2793"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=2757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=2757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=2757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}