FINALLY: GOVERNMENTS START SPENDING

FINALLY: GOVERNMENTS START SPENDING – http://huff.to/1xjVk9H

Governments start spending and the economy improves, just like the economic model predicts.

Governments slash spending and the economy gets worse, just like the economic model predicts.

Of course some clown like Norquist is going to say this is proof austerity works, because the right wing have turned their views into an unfalsifiable religion. 

If austerity destroys fragile economies, it’s the fault of all the past excess spending.  If increased spending leads to an immediate surge, it’s proof that the prior austerity was working.  Any conceivable evidence will only be interpreted in light of the theory. 

Whether the economic markets are going up or down and regardless what policies are or how tight the cause and effect correlation, every possible fact is interpreted to mean that austerity works and the economics accepted by every serious economist regardless of political views are wrong.

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