Tuesday Evening News Roundup
ecthompsonmd
October 3, 2012
Tuesday Evening News Roundup Austerity really isn’t working out all that well in Europe. William Black, scholar and economist, takes the Washington Post’s William Samuelson to task for advocating for austerity measures – We have known for over 75 years that the key to recovering from a recession is to follow a counter-cyclical fiscal policy that will reduce unemployment. We have long exhibited the wisdom to adopt automatic stabilizers that increase government services and decrease taxes when a recession strikes. What would have happened if Obama had adopted austerity as Berlin imposed austerity on the European periphery? It would have prevented
