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Saturday, May 17, 2014

Rick Salutin: Tim Hudak's fear-based economic policy (in The Toronto Star)

"I used to think balanced budget panic was a pretext whipped up by right wing ideologues who hate big government or equality but I now think it’s more truly felt. Debt was a basis of growth for 5,000 years — as anthropologist and activist David Graeber has written — but only recently became a source of mass fear and shame. ...

"The economics professoriat has a lot to answer for here. They provided the murky rationales for the discontinuous two-step that Tim Hudak has happily uncloaked for all to see. Why economists receive such cred is another question. They alone get to torture whole countries like Greece, solely on the base of their dubious models. Would you let a historian tell you what alliances to make or give him the keys to the foreign policy car?"

Tim Hudak's fear-based economic policy: Salutin | Toronto Star