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Asmussen's reasoning is Leninist at heart here: Austerity cannot fail, it can only be failed.

One would wish that he would limit himself to austerity in one country...

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jun 11th, 2012 at 08:19:53 AM EST
[ Parent ]
It's also reminiscent of medical quackery: it's not the treatment that is bonk, it's the patient that didn't follow it properly.

If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
by Migeru (migeru at eurotrib dot com) on Mon Jun 11th, 2012 at 09:15:50 AM EST
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In Soviet Europe, Austerity chooses you.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Jun 11th, 2012 at 09:49:39 AM EST
[ Parent ]

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