Wie Deflationen entstehen - und was (nicht nur) die SPD von Bruning gelernt hat

In: Prokla: Zeitschrift für kritische Sozialwissenschaft, Band 34, Heft 1, S. 105-122

Abstract

During the years 1930-1932 the Bruning government tried to fight against the results of the Great Depression with wage cuts & fiscal restraint. In this they followed the advice of the neo-classical school of economics. This article shows that the economic policy of both the SPD-Green Federal Government & the SPD-PDS coalition in Berlin is based on the same logic, but -- compared to Bruning -- with even weaker arguments. As a result the danger of a deflationary spiral will increase. 1 Table, 1 Graph, 31 References. Adapted from the source document.