REBLL recoveries disprove expansionary austerity and left states deeper in debt

Evidence

In sum, the REBLL alliance does not prove the case for expansionary austerity any more than interwar Japan proves the case for sensible Keynesianism. The political and economic structures of these states are neither transportable nor stable. Their policies prove nothing about expectations or the sustainability of consolidations. Their recoveries and economies are inherently fragile and are based upon sources of demand that cannot be replicated elsewhere. They are in more debt than when they started. — Mark Blyth, Austerity, 612

Categorization

• XREF: Central counter-claim against the expansionary austerity thesis; connects directly to the critique developed in Mattei and Alesina-Ardagna literature. — connects to: REBLL states cut sovereign debt while private sectors borrowed hugely for construction — Mark Blyth, Austerity: The History of a Dangerous…, 598; Austerity failed to deliver promised wage declines and deficit cuts in the REBLLs. — Mark Blyth, Austerity: The History of a Dangerous…, 607; Austerity persists as an ideology that resists empirical refutation — Mark Blyth, Austerity: The History of a Dangerous…, 613 (+2 more)
• SEED: Angle: ‘When a counterexample is itself pathological’ — how regime-fragile cases get laundered into general policy templates.

Broader Connections

• Debt-aversion ideology survives despite being spectacularly disproven by history #corroborates (0.80) — Mark Blyth, Austerity, 290
• Austerity persists as an ideology that resists empirical refutation #corroborates (0.75) — Mark Blyth, Austerity, 613
• Austerity is state intervention transferring resources from the many to the few #qualifies (0.70) — Clara E. Mattei, Escape from Capitalism, 195