Austerity Torpedoed Economic Recovery - Business Insider

Austerity Torpedoed Economic Recovery - Business Insider: "Neil Irwin has a good piece up on the NYT Upshot blog aiming to demonstrate why the recovery from the Great Recession has been so weak. He rightly highlights the drag of government spending, but I’d argue that if one narrows down on the question of how big a role has austerity played in slowing recovery, even Irwin’s numbers don’t quite capture it."

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