"Portugal dared to cast aside austerity" a few paragraphs in: "the gov slashed spending on infrastructure and other programs, shifted some of the money to salaries, pensions, and business incentives, then cut the deficit with the rest"https://www.nytimes.com/2018/07/22/business/portugal-economy-austerity.html …
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Would be very interested to know what other programs Portugal's gov cut from, but the moral that I'm drawing here is "when money's tight, spend on workers and businesses instead of on infrastructure and [xyz]"
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Which makes perfect sense--infrastructure is more often the RESULT of a thriving economy than the cause of one. Still not sure what the other "programs" mentioned were, but I will say that the same is true for welfare and social benefits: result of prosperity, not the cause!
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