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Bernanke’s Welcome Lecture on Austerity Economics

newyorker:

Not only did he put pressure on G.O.P. leaders to compromise in the dispute over the sequester; he also called on European countries to ease up on their austerity policies, saying that they could adopt a “more judicious balance” of short-term and long-term fiscal consolidation. 

John Cassidy on Ben Bernanke’s lecture to Congress that spotlighted the harsh truths about austerity economics: http://nyr.kr/X944xQ 

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via The New Yorker
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    Sorry, my conservative friends, austerity doesn’t work.
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    I like Ben Bernanke. I know a lot of progressives think he’s soft on the banks and all that shit, but I think he’s...
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