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Great Price for Austerity: The History of a Dangerous Idea


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Combines a brilliant critical analysis of austerity with a dissonant view on bank bail out
Blyth shows how the piling on debt in the US was not due to wasteful profligate policy, but instead associated with the bailing out of the private sector, and the banking and financial system. For another excellent coverage of this period see Mark Zandi's Austerity: The History of a Dangerous Idea

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