Circling Squares
Scribbling irregularly, since 2008. Since 2020:
https://circlingsquares2.wordpress.com/
Friday 13 July 2012
Austerity: a reversal of means and ends
The conventional narrative says: austerity is a means to the end of reducing the deficit.
This has it exactly backwards.
In fact: the deficit is a means to the end of imposing austerity.
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