The biggest policy mistake of the last decade
▻http://theweek.com/articles/789956/biggest-policy-mistake-last-decade
The evidence is in: Austerian economists got everything wrong.
[…]
As we have seen, the evidence for the Keynesian position is overwhelming. And that means the decade of pointless austerity has severely harmed the American economy — leaving us perhaps $3 trillion below the previous growth trend. Through a combination of bad faith, motivated reasoning, and sheer incompetence, austerians have directly created the problem their entire program was supposed to avoid. Good riddance.
#data_cherry_picking (entre autres…)
