Austerity Dogs

Product Information

Ehrlich, Brenna (3 April 2017). "Everyone Wants To Talk To The Sleaford Mods About U.S. Politics". Tidal. On 10 December 2014, Williamson published the lyrics collection [16] Grammar Wanker: Sleaford Mods 2007-2014, [17] followed by Jason Williamson's House Party: Sleaford Mods 2014-2019 [18] in 2019. In October 2012, the IMF announced that its forecasts for countries that implemented austerity programs have been consistently overoptimistic, suggesting that tax hikes and spending cuts have been doing more damage than expected and that countries that implemented fiscal stimulus, such as Germany and Austria, did better than expected. [24] Trendell, Andrew (17 January 2023). "Sleaford Mods talk new album 'UK Grim': "It might strike a chord with people at their wit's end" ". NME . Retrieved 17 January 2023.

Stanley, Carl (16 September 2014). "Don't Suffer The Bullshit: Here's Sleaford Mods". Sabotage Times . Retrieved 15 August 2015. In 2009, 2010, and 2011, workers and students in Greece and other European countries demonstrated against cuts to pensions, public services, and education spending as a result of government austerity measures. [98] [99] The band featured in two documentary films, Sleaford Mods: Invisible Britain, released in 2015 and Bunch of Kunst. A Film About Sleaford Mods, released in 2017. [ citation needed] If you dig the cynical, parochial, outsider attitude of acts as diverse asMC Pitman,The Fall,John Cooper Clark,Half Man Half Biscuit, et al then you'll recognise the unapologetic, uncompromising mettle present here. Like the aforementioned acts,Sleaford Modshave got a fabulous grasp of the mechanics of penning a raw, manic pop tune. Yes: this is somehow an incredibly catchy album under the grit and spit. The lyrics are often unpleasant, but in the same strike come over as blatantly ironic, observational prose. This isn't sour provocation. It's downright toxic genius! Main article: Sectoral balances Sectoral balances in U.S. economy 1990–2012. By definition, the three balances must net to zero. Since 2009, the U.S. capital surplus and private-sector surplus have driven a government budget deficit.

Sklinar Green, Kimberley-Marie (6 August 2015). "Leftfield and Sleaford Mods share new video for 'Head And Shoulders' ". Never Enough Notes . Retrieved 6 August 2015.

Bell, John. "Sleaford Mods - Rescue Rooms, Nottingham 27/01/15". The Line of Best Fit . Retrieved 2 May 2016. Main article: Keynesian economics Red: corporate profits after tax and inventory valuation adjustment. Blue: nonresidential fixed investment, both as fractions of U.S. GDP, 1989–2012. Across an economy, one person's spending is another person's income. In other words, if everyone is trying to reduce their spending, the economy can be trapped in what economists call the paradox of thrift, worsening the recession as GDP falls. In the past this has been offset by encouraging consumerism to rely on debt, but after the 2008 crisis, this is looking like a less and less viable option for sustainable economics. Wolf explained in July 2012 that the sudden shift in the private sector from deficit to surplus forced the U.S. government balance into deficit: "The financial balance of the private sector shifted towards surplus by the almost unbelievable cumulative total of 11.2 per cent of gross domestic product between the third quarter of 2007 and the second quarter of 2009, which was when the financial deficit of US government (federal and state) reached its peak.... No fiscal policy changes explain the collapse into massive fiscal deficit between 2007 and 2009, because there was none of any importance. The collapse is explained by the massive shift of the private sector from financial deficit into surplus or, in other words, from boom to bust." [31] a b c "Sleaford Mods | full Official Chart History". Official Charts Company . Retrieved 19 May 2020.as long as ∂ B ∂ G {\displaystyle {\frac {\partial B}{\partial G}}} is less than zero. Then we can find that a fiscal stimulus makes the long-term budget in surplus if the real government borrowing rate satisfies the following condition: [155] ( r − g ) ( 1 − μ τ ) < τ η μ {\displaystyle (r-g)(1-\mu \tau )<\tau \eta \mu } Impacts on short-run budget deficit [ edit ] McCall, Chris (3 November 2014). " "Anything to get away from the Conservatives. Anything" – An interview with Sleaford Mods". The Skinny . Retrieved 15 August 2015. According to the CIA World Factbook, Greece decreased its budget deficit from 10.4% of GDP in 2010 to 9.6% in 2011. Iceland, Italy, Ireland, Portugal, France, and Spain also decreased their budget deficits from 2010 to 2011 relative to GDP [42] [43] but the austerity policy of the Eurozone achieves not only the reduction of budget deficits. The goal of economic consolidation influences the future development of the European social model. Latvia's economy returned to growth in 2011 and 2012, outpacing the 27 nations in the EU, while implementing significant austerity measures. Advocates of austerity argue that Latvia represents an empirical example of the benefits of austerity, while critics argue that austerity created unnecessary hardship with the output in 2013 still below the pre-crisis level. [70] [71] While Anders Åslund maintains [72] that internal devaluation was not opposed by the Latvian public, Jokubas Salyga has recently chronicled [73] widespread protests against austerity in the country. Much of the acceptance of austerity in the general public has centred on the way debate has been framed, and relates to an issue with representative democracy; since the public do not have widely available access to the latest economic research, which is highly critical of economic retrenchment in times of crisis, the public must rely on which politician sounds most plausible. [153] This can unfortunately lead to authoritative leaders pursuing policies which make little, if any, economic sense.

According to economist Martin Wolf, the U.S. and many Eurozone countries experienced rapid increases in their budget deficits in the wake of the 2008 crisis as a result of significant private-sector retrenchment and ongoing capital account surpluses. Williamson formed the band with Simon Parfrement, with whom he worked alongside a studio engineer at Rubber Biscuit Studio in Nottingham on their first four albums. Parfrement left the music production to Andrew Fearn after the release of the 2012 album Wank, the first album to feature Fearn, but Parfrement continues to play an important role with the band as their photographer and media producer. [14] [15] Sleaford Mods, live in 2013; Fearn (left), Williamson (right) During the European debt crisis, many countries embarked on austerity programs, reducing their budget deficits relative to GDP from 2010 to 2011.

By definition, the sum of the surpluses or deficits across these three sectors must be zero. In the U.S. and many Eurozone countries other than Germany, a foreign financial surplus exists because capital is imported (net) to fund the trade deficit. Further, there is a private-sector financial surplus because household savings exceed business investment. In 2013, it published a detailed analysis concluding that "if financial markets focus on the short-term behavior of the debt ratio, or if country authorities engage in repeated rounds of tightening in an effort to get the debt ratio to converge to the official target", austerity policies could slow or reverse economic growth and inhibit full employment. [57] Keynesian economists and commentators such as Paul Krugman have suggested that this has in fact been occurring, with austerity yielding worse results in proportion to the extent to which it has been imposed. [58] [59] Indeed, so pitch-perfect are Sleaford Mods in their vitriolic take-down of austerity Britain that part of me worries that's it all just some satirical prank, and that when 'Austerity Dogs' hits the end-of-year best-of lists (as it will) Williamson and Fearn will be found "laughing their tits off" with Mumford and Sons whilst blowing coke up each other's bumholes or something. Drake, Mandy (25 March 2015). "Leftfield are releasing a new record, their first in 16 years". Loud and Quiet. Archived from the original on 2 April 2015 . Retrieved 26 March 2015. New Sleaford Mods album 'Key Markets' announced – Stream "No One's Bothered" NOW!". LouderThanWar.com. 7 May 2015 . Retrieved 7 May 2015.