Will reversing austerity end the depression? — Michael Roberts Blog

Were the policies of so-called austerity the cause of the Great Recession? If there had been no austerity would there have been no ensuing depression or stagnation in the major capitalist economies? If so, does that mean the policies of ‘Austerian’ governments were just madness, entirely based on ideology and bad economics? For Keynesians, the […]

via Will reversing austerity end the depression? — Michael Roberts Blog

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