Since Russ Roberts can’t get the data to match his narrative on ‘austerity’, he makes up new data and a new definition for austerity.
May 10, 2012 § 2 Comments
He didn’t expect someone to go look at his data source (I think he just found it himself) and look at total general government expenditure then compare it:
Since the downward slope in total government general expenditures doesn’t fit Russ Roberts narrative, he just makes shit up. Also since ‘austerity’ just means reduced government spending to wikipedia
and everyone else, he moves the goalposts and now demands it mean ‘slashing’ government spending.