Multiplying mistakes: Tallying the economic costs of austerity

By Duncan Cameron; October 30, 2012 – rabble.ca
http://rabble.ca/columnists/2012/10/multiplying-mistakes-tal…

In 1936, the British economist John Maynard Keynes published his celebrated General Theory, a book that provided a scientific basis for understanding the Great Depression, the worldwide slump lasting from 1929 until the outbreak of World War II in 1939. Only recently has the International Monetary Fund realized his research insights apply to today’s world economic mess centred in a stagnating Europe, and a slow growth U.S. The IMF rediscovery of Keynes has not yet registered with the Harper government, which continues

Article source: http://mostlywater.org/multiplying_mistakes_tallying_economic_costs_austerity