Economists like Alberto Alesina and Silvia Ardagna reshaped the world when their theories of “expansionary austerity” were put into effect after the 2008 crisis: the idea that governments could “increase taxes, cut spending, and grow strongly” was powerfully tempting to the world’s leaders, who saw in them a way to pull out of a recessionary spiral without limiting the number of yachts the oligarchs they depended on could afford.
Steve Bannon tries to sleaze his way into European far-right, they tell him to go home
Poor Sloppy Steve. After losing his Rasputian status with Trump and the Mercers, he tried to peddle his off-brand fascism with nationalist Europeans. But it turns out even these unsavory characters think the only thing Bannon is good at is making things worse.
Discover more from Erkan's Field Diary
Subscribe to get the latest posts sent to your email.