Austerity In Europe: It Will Work If It's Ever Tried

The proponents of Keynesian-style deficit spending argue against austerity by claiming that it has failed in Europe. They point to the U.K., Italy, Greece, and onward, shouting that European government spending cuts have led to slow or negative growth and sky-high unemployment rates. The only problem with these arguments is that all the purported facts are misstated.

READ THE ORIGINAL POST AT www.forbes.com