The Verdict Is In

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For the last three years, we’ve been in the midst of a transatlantic debate about post-economic crisis fiscal policy — broadly speaking it’s been between Keynesianism and austerity, with the US starting with the first and more recently edging toward the second.

Throughout, the UK has been the leading advocate of growth through austerity. And now we have the verdict: the UK economy has officially slid back into recession.

ABOUT THE AUTHOR

Josh Marshall is editor and publisher of TalkingPointsMemo.com.
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