The echoes of the 1930s are loud, and will become louder as combined monetary and fiscal contraction entrench depression.

But as you say, anyone who can come up with the bizare concept of expansionary fiscal contraction just does not want to hear reason.

In Zimbabwe the central bank reacted to an 'enforced' fiscal and non-fiscal contraction by artificially holding interest rates low, and increasing the money supply.

Can you give me an example of a non boom period case of exspansionary fiscal contraction?

The concept that fiscal contraction can result in growth is commonly known as "expansionary austerity".

At a time of widespread fiscal contraction, growth is the only way to pay for the quality of life we want to deliver for our citizens.

He was convinced not just that the Administration was serious about cutting the deficit, but that Congress would pass a bold fiscal contraction.

Larry Summers' claim last year that the whole idea of an expansionary fiscal contraction is "oxymoronic" looks to have been right.

The unwelcome expenses have sent ripples of anguish through a public-health system already reeling from fiscal contraction.

There is now a an internationally co-ordinated fiscal contraction combined with an international push to increase exports to our colonies in the Moons of Jupiter.