Austerity and Demoralization by Robert J. Shiller – Project Syndicate


austerity (Photo credit: 401(K) 2013)

This article published by Project Syndicate is well worth a read this weekend. David Cameron gets a mention. Check it out!

Austerity and Demoralization by Robert J. Shiller – Project Syndicate.

Personally, I keep an eye on what’s being written about austerity because I’m against excessive short-term austerity. Sadly, the UK Prime Minister, David Cameron, and Chancellor, George Osborne are arch-austerians; they seem so thick-skinned and ignore that austerity has been totally discredited; even Berlin has moved on and trying not to touch the poison chalice.

Will Cameron and Osborne go out of office being remembered as the last austerians?

Any thoughts?


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