{"id":5495,"date":"2013-05-22T10:05:15","date_gmt":"2013-05-22T07:05:15","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=5495"},"modified":"2013-06-02T13:24:36","modified_gmt":"2013-06-02T10:24:36","slug":"austere-illusions","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/austere-illusions\/","title":{"rendered":"Austere Illusions"},"content":{"rendered":"<p>Skidelsky, Robert.<\/p>\n<p>The doctrine of imposing present pain for future benefit has a long history \u2013 stretching all the way back to Adam Smith and his praise of \u201cparsimony.\u201d It is particularly vociferous in \u201chard times.\u201d In 1930, US President Herbert Hoover was advised by his treasury secretary, Andrew Mellon: \u201cLiquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system&#8230;People will&#8230;live a more moral life&#8230;and enterprising people will pick up the wrecks from less competent people.\u201d<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong><a href=\"http:\/\/www.project-syndicate.org\">www.project-syndicate.org<\/a><\/p>\n<p><a href=\"http:\/\/www.project-syndicate.org\/commentary\/the-predictable-failure-of-fiscal-austerity-by-robert-skidelsky\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Skidelsky, Robert. The doctrine of imposing present pain for future benefit has a long history \u2013 stretching all the way back to Adam Smith and his praise of \u201cparsimony.\u201d It is particularly vociferous in \u201chard times.\u201d In 1930, US President Herbert Hoover was advised by his treasury secretary, Andrew Mellon: \u201cLiquidate labor, liquidate stocks, liquidate [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37,4],"tags":[25,27],"class_list":["post-5495","post","type-post","status-publish","format-standard","hentry","category-18","category-37","category-proposals","tag-25","tag-27"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/5495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=5495"}],"version-history":[{"count":2,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/5495\/revisions"}],"predecessor-version":[{"id":5527,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/5495\/revisions\/5527"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=5495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=5495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=5495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}