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Dean Peter Henry on the importance of fiscal discipline, from his book, "Turnaround"

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Excerpt from Fortune -- "Peter Henry, dean of New York University’s Stern School of Business and author of the book Turnaround: Third World Lessons for First World Growth, told me last year, 'We are at a critical point in time and advanced countries are off track.' The discipline we need is not fiscal austerity but a 'sustained commitment to prosperity that is both vigilant and flexible–and values what is good for the public as a whole,' he says. It’s encouraging to see disciplined policy in democracies, as we began to see in 1994 in Brazil, Henry told me."

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