For me, it was easy to scan this article and almost miss the critical point. Despite the overwhelming arguments against the austerians in recent months, nobody that matters is changing their views or prepared to act differently.
Most of the World’s leading economists, and belatedly the IMF, have all called upon the US, the UK and Germany to reflate their economies with fiscal stimulation, deferring downstream some of the challenges about debt levels.
This raises an interesting open question:
Why are the World’s leading economists being ignored?