austerity
紧缩
A term used to describe efforts to reduce the share of public spending in GDP, particularly in the 2010s. When the economy is already weak, Keynesian economists view austerity programmes as a mistake, because they reduce demand. But free-market economists worry that, without austerity, the government’s role in the economy inexorably expands over time.
一个用来描述减少公共支出在GDP中所占份额的努力的术语，特别是在二十一世纪一零年代。当经济已经疲软时，凯恩斯主义经济学家认为紧缩计划是一个错误，因为它们会减少需求。但自由市场经济学家担心，如果不实行紧缩政策，政府在经济中的作用将随着时间的推移而无情地扩大。
