Holy Shit! Austerity Sucks

I have been saying austerity does more harm than good for a long time. 

How can you expect long term growth if you destroy the economy in the short term. Well well, it seems as if the empirical evidence, which has supported the pro austerity arguments is severely flawed. 

Check it out:

http://nymag.com/daily/intelligencer/2013/04/grad-student-who-shook-global-austerity-movement.html