chart from tradingeconomics.com
Some experts question the “benefits of austerity” on the Greece economy.
The graph above prompts for the question, where the heck is “austerity”?
Should a one year slump in Greece’s government budget (referenced only to 2010) be discerned as austerity? But how about comparing the Greece’s budget since 1995…does this look anywhere like austerity?
Reference points can be manipulated or framed to fit biases. But that would translate to intellectual dishonesty.
No comments:
Post a Comment