I want to test your perspicacity: I will hereinafter present an excerpt from a greater material, which discusses the world crisis, without quoting the source.
The challenge will be to guess the author, based on the philosophy of the text.
I"ll give you a clue: the source is very credible.
Read on.
And I"ll see you later.
"Fiscal risks have increased, especially in developed economies, due to three factors: the substratum of fiscal tendencies has continued to deteriorate, [...]; the financial markets have increasingly focused on fiscal weaknesses and the progress in defining fiscal exit strategies was slow.
In this context, while the massive loss of confidence in fiscal solvency remains a remote risk for now, its potential costs are of such a nature that the risk shouldn"t be ignored.
Even in the absence of such a dramatic development, without making any progress in approaching the fiscal sustainability problems, the high level of indebtedness could affect economic growth for years.
This edition of the Monitor presents new evidence on the connection between debt and increase: it suggests that, based on current predictions, if public debt isn"t lowered to pre-crisis levels, then the potential growth in advanced economies could fall by more than 0.5% a year, which would have a significant effect over a few years."
You"ve read it.
Who could the author be?
In my opinion, the text sounds like it was written by an antiglobalist, one of those who take to the street to protest, whenever the governors of the central banks of the world meet.
The man has education - you find this type of people among libertarians - and has the guts to refer to the inhibitive ratio between a country"s debt (compared to its GDP) and its economic growth ratio (a relationship which other theorists have been trying to determine