What British Austerity?

Ken Rogoff is back in the news with a FT piece that defends the Cameron government’s fiscal policy. Here’s something that caught my attention: According to the debt panglossians, UK leaders watched as the economy stagnated, rationing stimulus out of a baseless concern over credit risks. Even though the UK ran one of the largest deficits of [...] View the full post at: What British Austerity? Related posts: Icelanders reject deal to repay British and Dutch British Pound Highly Correlated to Housing Portugal PSD to allow parl’t approval of austerity plan