(Other Words) -- Aging baby boomers may remember a 1960s rock band that sported an all-time great name. That band — Question Mark and the Mysterians — may now have a worthy rival on the name front. Make way for Reinhart-Rogoff and the Austerians.
Harvard economists Carmen Reinhart and Kenneth Rogoff don’t make smash records. They write learned economic papers that make champions of austerity happy — and help smash the life prospects of average working families.
Austerians preach the absolute necessity of whacking away at government spending. We must, they solemnly intone, discipline ourselves to reduce government deficit and debt, no matter the pain austerity may bring us.
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