This latest blog from Oxford economist, Simon Wren-Lewis, is a RECOMMENDED READ, in my view. Check it out!
The article takes a hard look at the increasingly popular ‘growth proves austerity right’ idea. As Wren-Lewis correctly argues economic management, in both the UK and Germany, with excessively severe austerity has done permanent damage; it should not be glossed over by newspapers focused on their circulation or advertising.
Let me take up Wren-Lewis’s argument, as well with an open question:
Why is the the Financial Times trying to white-wash the reality about austerity policies?