Showing austerity failed does not require proving Keynesian alternatives right
Evidence
Note that for the purposes at hand I am not trying to show that the Keynesians or anyone else was “correct” and that reflationary policies saved the day. All I need to do here is to show that austerity did not, as the British say, do what it says it does on the tin. Proving Keynes right is not necessary to prove austerity wrong. — Mark Blyth, Austerity, 996
Categorization
- XREF: connects to: Austerity’s core claim that cuts lead to growth is dangerous nonsense — Mark Blyth, Austerity: The History of a Dangerous…, 15; Austerity failed to reduce Greek debt-to-GDP projections — Mark Blyth, Austerity: The History of a Dangerous…, 201; Repeated austerity in Europe is failing despite being tried again and again. — Mark Blyth, Austerity: The History of a Dangerous…, 262 (+6 more)
Broader Connections
- Austerity persists as an ideology that resists empirical refutation
#qualifies(0.85) — Mark Blyth, Austerity, 613 - Austerity is economically irrational yet politically rational for preserving capitalism
#complicates(0.80)