The Complete Failure Of Austerity, In 1 Chart – Huffington Post

This is a MUST READ article published in the Huffington Post, citing evidence from  Oxford economist, Simon Wren-Lewis. Check it out!

The Complete Failure Of Austerity, In 1 Chart – Huffington Post

Let me give you a flavor, with the following citation:

austerity

austerity (Photo credit: 401(K) 2013)

In the U.K., austerity has shaved 6 percent from that country’s gross domestic product over the past three years, estimates Oxford economist Simon Wren-Lewis. This amounts to $143.5 billion in lost income during that time, or nearly $5,400 per U.K. household.

This is truly staggering!

Any thoughts?

This is truly unbelievable!

Any thoughts?

One response

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