Austerity, growth and being economical with the truth -Simon Wren-Lewis – Mainly Macro


austerity (Photo credit: 401(K) 2013)

This latest blog from Oxford economist, Simon Wren-Lewis, is a RECOMMENDED READ, in my view. Check it out!

mainly macro: Austerity, growth and being economical with the truth.

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?

Any thoughts?

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