Thursday, May 17, 2012

Dean Baker Reminds The Washington Post Editors That Critics Of Austerity Do Propose Remedies

The editor of the Washington Post has been a deficit hawk for several years. Government spending on social programs have been a target of many editorials.  Dean Baker criticizes a recent editorial that makes the claim that opponents of austerity in Europe fail to provide methods of funding economic stimulus.  He cites the solutions proposed  by many of the economists who have argued that the debt problem is only worsened by policies that impede economic growth.  One might disagree about the policies proposed, but the lack of proposed solutions is not the problem.  Perhaps if the editors do not like the solutions they are not visible.

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