Why western governments should increase budget spending instead of cutting them.
Public budget spending cuts induce a lowering of consumption that is inevitably followed by a slowdown of the economy’s pace and ultimately unemployment which also results in the lowering of consumption of goods; but moreover governments spending cuts reduce the efficiency or research by hampering the integrity of the scientist’s behaviour as we will see below.
Public budgets should instead be invested in enhancing the level of infrastructure, research and education in the aim to create the jobs and opportunities of tomorrow. High ranked economists and financial law scholars of the University of Cornwell and of the University of New-York describe what should be the way forward for western governments to follow in the present worse economic crisis since 1930 crossed by the developed countries.
Research is one of the sector in which governments should spent more money as written by Dr Ferric C Fang editor in chief of the journal Infection and Immunity in an editorial that quoted the here above economists report. The editorial of Dr Fang pointed the fact that he observes more and more misconducts in science articles because researchers are desperately lacking of financial supports and grants from the government.
1) The Way Forward
- By Daniel Alpert, Westwood Capital; Robert Hockett, Professor of Law, Cornell University; and Nouriel Roubini, Professor of Economics, New York University
October 10, 2011 |