Sister Sage's Musings » austerity myths

What Have We Here? The IMF Admitting They Were Wrong About Austerity?

ck — Thu, 13 Jun 2013 23:29:06 +0000

Yes, boys ‘n’ girls, This is amazing. I never believed this day would come. It appears that the IMF has issued a Mea Culpa.

Late last Wednesday, the powerful International Monetary Fund (IMF), which led the Greek bailout three years ago, issued an extraordinary mea culpa, admitting it had underestimated the severity of the . . . → Read More: What Have We Here? The IMF Admitting They Were Wrong About Austerity?

Greeks & French Throw the Bums Out!

ck — Mon, 07 May 2012 01:56:54 +0000

More to the point, boys ‘n’ girls, Greeks and French, as well as other Europeans have basically rejected austerity imposed by the Eurozone. They have started to see what economists like Paul Krugman and Joseph Stiglitz have known all along: austerity just doesn’t work. After all this time, where is that confidence fairy? While . . . → Read More: Greeks & French Throw the Bums Out!

More About the (Ahem!) “Compassionate” Rethuglicans, Tea-baggers, & other Cons

ck — Sat, 23 Oct 2010 02:17:53 +0000

I just caught the link to the frightening video below. Many of the still images are so reminiscent of images we see in old newspapers and history books of the sights of The Great Depression. In fact, only the fact that they’re in colour and that the scenery looks somewhat modern separates the fact . . . → Read More: More About the (Ahem!) “Compassionate” Rethuglicans, Tea-baggers, & other Cons