Ep 15: History of a Dangerous Idea with Prof. Mark Blyth
www.historicly.net
As an idea, austerity’s power lies in its simplicity; a balanced budget leads to economic growth. On an intuitive level it makes sense; unless you’re wealthy, you’ve undoubtedly worried about your household budget. There’s just one problem: austerity doesn’t work. In fact, it makes everything worse.
Ep 15: History of a Dangerous Idea with Prof. Mark Blyth
Ep 15: History of a Dangerous Idea with Prof…
Ep 15: History of a Dangerous Idea with Prof. Mark Blyth
As an idea, austerity’s power lies in its simplicity; a balanced budget leads to economic growth. On an intuitive level it makes sense; unless you’re wealthy, you’ve undoubtedly worried about your household budget. There’s just one problem: austerity doesn’t work. In fact, it makes everything worse.