Sunday, March 13, 2011

Why "austerity" as response to deep recession is a dumb idea

An oldie but goodie from "Naked Capitalism" - kind of wonkish, but if you are digging into the "deficit hysteria" in context of a deep downturn, lingering high unemployment and GOP social nihilism driving much of the "conventional wisdom", it's worth wading through.  Here.

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