All of the original justifications offered for austerity have collapsed.
Great article, touches on the fact that the “deficit fetish” has been proven to be a false justification for any of the garbage we’ve all been put through these past few decades. Government deficits EQUAL money added to the private sector. Decrease the deficit or even go into a surplus and you are taking money away from the private sector…. and by private sector, we mean the everyone but the rich.