have a liberal bias. And in this case, Paul Krugman notices that the IMF, austerity perpetrators par excellance, have… err… noticed that austerity causes economies to get worse than doing nothing at all. Because, y’know, the Austerity Fairy simply isn’t *real*.
Which Paul Krugman has been steadily beating the drum about for the past five years, to the point that he must be as sick and tired of pointing that out as I am, but it’s nice to have, like, actual facts on your side. Of course, conservatives then whine the IMF is wrong. Except, err, the data is the data. What is, is. You can’t just wish away reality with a wave of the Austerity Fairy’s magic wand. Or even with a firm application of said wand up the posterior. Reality simply doesn’t work that way.
But nevermind, the facts have a liberal bias, thus must be ignored. Ignorance is strength. Damn, I wish the conservatives would quit using 1984 as an instructional manual. Besides, austerity allows cold-blooded lizard people from Planet Sociopath to snap up the assets of entire nations at fire-sale prices, and it’d be wrong to interfere with our reptilian overlords, right? Right?!
- Badtux the Economics Penguin