We all know that if Austerity is imposed on an economy it will make the economy worse don't we?
Well today Simon Wren-Lewis examines the costs of imposing austerity on an economy.
In the article he draws on Alan Taylor's seminal piece which I had in Around the Traps last Friday.
Kevin O'Rourke talks about when austerity is needed.
Read and then weep at why politicians follow zombie ideas at the cost of people becoming unemployed.
When oh when will people learn that the best and only time to impose austerity policies is when the economy is doing well. Keynes only pointed this out in 1936!!
Leave supporting austerity to fact free people such as those at Catallaxy!