Not only did the two mutually reinforce one another, they also stood for the same purpose. Fiscal and monetary austerity favored wealthy savers while the rest of society was forced to consume less via diminution of government resources, payment of taxes, and lower wages. Th e dual operation of fi scal and monetary austerity put the burden of capital accumulation on the working classes to ultimately reestablish the divide between the economic and the political and protect private property and wage relations.

Clara E. Mattei, The Capital Order, loc. 774