Austerity Policies Worsen Economic Crisis, Inflict Widespread Suffering
The article discusses how government responses to economic crises in the US and Europe are making things worse by implementing austerity measures. Austerity involves cutting government spending to boost economic growth, but it has been shown to fail and cause more suffering. The authors of the books "Austerity" and "Debtors' Prison" argue that austerity policies have historical and ideological roots that need to be understood to avoid repeating the same mistakes.