Harvard duo defend case for austerity – FT.com

Massachusetts Hall, Harvard University, Cambri...

Massachusetts Hall, Harvard University, Cambridge, Massachusetts, USA. (Photo credit: Wikipedia)

Statue of John Harvard, founder of Harvard Uni...

Statue of John Harvard, founder of Harvard University, Cambridge, Massachusetts, in the college yard. (Photo credit: Wikipedia)

This is an interesting article in the FT and well worth a read. Check it out!

Harvard duo defend case for austerity – FT.com.

Two of the the high priests of “austerity” at Harvard University have been accused of data errors which surely questions their conclusions?

Is it possible that so much of the pain inflicted in the name of austerity was unnecessary or over-stated?

Surely, it’s time for alternative economic views to come into play, like the classic Keynesian demand stimulus with increased Public Sector investment?

What do you think?

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16 responses

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