There Is No Politics of Austerity
I don’t mean to turn this blog into Shit My Krugman Says, but this, on the underlying politics of austerity, is just too on-the-mark to ignore:
[T]he anti-Keynesian position is, in essence, political. It’s driven by hostility to active government policy and, in many cases, hostility to any intellectual approach that might make room for government policy. Too many influential people just don’t want to believe that we’re facing the kind of economic crisis we are actually facing.
I think you can extend it further…
[Continued @ Jubilee]