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The myths—and dangers—of austerity politics

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The myths—and dangers—of austerity politics   Republicans often tout simple spending cuts as markers of economic responsibility. But that sort of superficial belt-tightening often proves to be far more reckless in the long run. This week, we revisit interviews with two economists about the myths—and dangers—of austerity politics.  Mark Blyth Mark Blyth is a professor of international economy at Brown University, and he succinctly explains what’s wrong with austerity as a cure for an ailing economy: “Tighter belts,” he says, “only work if we all wear the same pants.” Simon Johnson Economist Simon Johnson warns that irresponsible austerity methods proposed by Republicans could throw the world into a financial catastrophe. And, he says, it would be the private sector that really suffers. Jim Hightower   What’s Up with This Crazy Trucker Protest?   The recent traffic-clogging protests by truck drivers in the US and Canada are about drivers being angry over COVID-19 vaccine mandates – right?   Uh… no. That’s the l