This is an excellent and MUST READ article from John Cassidy, published in the NYT.
via Austerity and the Mistaken Lessons of History : The New Yorker.
Personally, I think that John Cassidy argues the case against UK economic policy brilliantly. It seems that much of the UK political classes and the UK media is currently being brain-washed.
Any thoughts on why and what to do about it?
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