Don’t Get Suckered Into The “Austerity” Argument
“Recovery Shows a Soft Spot,” declared a banner headline of a recent edition of the Wall Street Journal. “Soft spot” pretty much sums up the Journal’s explanation for a reported 0.1% contraction in gross domestic product (GDP) in the fourth quarter of 2012.
Viewing things from further west on 8th Avenue and 41st Street, The New York Times spun
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