Ed Glaeser for Another Stimulus

He writes:

To Spend or Not to Spend: Austerity may be the right program for smaller countries facing lenders that may lose confidence in their debt...

I would put it much more strongly than that: austerity is definitely the right program for smaller countries with open economies facing lenders that may lose confidence in their debt...

On the other hand, I would put this more strongly too:

Stimulus may be the right policy for larger countries that are trusted to repay and that...