Oh, Not So Good
Europe and the
diverged in their respective responses to the Great Recession. The United States United States embarked on a
program, highly flawed, of Keynesian stimulus.
The results while disappointing have been positive. Unemployment has dropped, the deficit has
declined and economic growth has returned.
the policy makers decided that austerity, an anti-Keynesian policy would
work best. The idea was that by getting
government finances back towards a balanced budget business confidence would
surge, business would invest and the economy would have a great recovery. That