Austerity: Common Sense or Nonsense?

Mark Blyth, faculty fellow at the Watson Institute for International Studies at Brown University, illustrates the flawed logic behind public austerity measures governments are adopting in the wake of the financial crisis and the consequences such measures would have on the poor. Blyth will be joining Triple Crisis as a regular contributor later this month.

2 Responses to “Austerity: Common Sense or Nonsense?”

  1. Lost me at 2:50. An extended amount of information about what it means to have the government “levering up to compensate” the private sector “de-leveraging: paying back debt”. Why does tax revenue fall etc?

    Please do a follow on video explaining some of that. Meanwhile, off to wikipedia for me to investigate basic economics and fiscal policy.

    Thanks for taking the time to make this and publish it.