The UK is showing us why austerity is dangerous, but are we paying attention? | Economic Policy Institute
"The lesson here is two-fold. First, near-term deficit reduction can significantly harm economic growth. And second, as this approach drags on the economy, it will also exacerbate the deficit and debt. In other words, the U.K. austerity approach—which is intended to reduce the debt and boost the economy—actually does the opposite."
