538 writes about The Stupidity and Hypocrisy of the Austerity Movement.
"So what have we learned?
1.) This new found love of lower government spending is politically motivated. It has nothing to do with altruism or love of country. It's about the November elections. Period.
2.) Government spending has been and always will be part of the the GDP equation
3.) Countries that tried austerity are worse off for it.
4.) Countries that inject massive amounts of the proper stimulus (such as infrastructure spending) grow at high rates."
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