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Definition of Austerity


  1. Sourness and harshness to the taste.
  2. Severity of manners or life; extreme rigor or strictness; harsh discipline.
  3. Plainness; freedom from adornment; severe simplicity.

Austerity Quotations

There is no austerity equal to a balanced mind, and there is no happiness equal to contentment; there is no disease like covetousness, and no virtue like mercy.

The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.
Andrew Ross Sorkin

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.
Ray Dalio

Even in a time of fiscal austerity, education is more than just an expense.
Arne Duncan

Deficits must be cut, yes, but the rush to austerity risks undermining the fragile global recovery.
Alistair Darling
More "Austerity" Quotations

Austerity Translations

austerity in Italian is limitazione
austerity in Spanish is restriccion, austeridad
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