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Debunking the Austerity Charade in Europe

gaga82 Wrote: May 10, 2012 10:07 PM
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I wrote a detailed blog post yesterday, showing that European governments have been very reluctant to restrain the burden of government spending.

Part of the problem is that the debate in Europe is a no-win exercise, pitting proponents of higher taxes (which is largely how Europe’s political elite defines “austerity”) against proponents of higher spending (notwithstanding a long track record of failure, the Keynesians have come out of woodwork and are claiming that bigger government stimulates “growth”).

With these terrible choices, no wonder the

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