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June 10, 2013 04:00 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/YeLgnFvSTIY/story01.htm
Austerity: the greatest bait-and-switch inhistory
Mark Blyth, a delightfully sweary Scottish economist, talks for about an hour to Googlers about the stupidity of austerity as a means of recovering from recession, describing it in colorful, easy-to-grasp language. This is brilliant, accessible and important economics:Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse.
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Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/YeLgnFvSTIY/story01.htm
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