[throw0101b]

> Did you miss the Euro crisis? Austerity is forced deflation.

One look at some of the history of austerity:

* https://en.wikipedia.org/wiki/Austerity:_The_History_of_a_Da...

[JumpCrisscross]

“Blyth argues that the case for increasing economic growth through austerity is overstated, is counterproductive when implemented during recessions, and has exacerbated the Eurozone crisis.”

Yup! Unless you’re rich, deflation is historically cursed. (That said, I repeat that it hasn’t been proven to be bad.)