Dead wrong

Following up on the previous post, I find Guardian columnist Dean Baker writes:

The news that the UK, with negative growth in the fourth quarter of 2012, faces the prospect of a triple-dip recession, should be the final blow to the intellectual credibility of deficit hawks. You just can't get more wrong than this flat-earth bunch of economic policy-makers.

What's really bizarre is that Britain tried austerity in the early '30s, and it was a thundering disaster then, too. It always is.

The only good thing to come out of the National government's budgets was Orwell's "The Spike," his report of wandering with the armies of jobless men in the late '30s.