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Austerity movement dealt a major blow.
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What a great story, you draw your own conclusions if it was a mistake or intentional.
http://nymag.com/daily/intelligencer/2013/04/grad-student-who-shook-global-austerity-movement.html
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Great stuff, how embarrassing for Harman and Rogoff, but leaving Australia out of the equation had to be intentional.
During the GFC, our Govt. threw millions at the economy. And despite the huge increase in the deficit, it worked.
We are one of only a handful of countries who are doing reasonably well. We are being propped up by our mineral exports of course, but most analysts agree that Aust. avoided most of the GFC fallout by implementing 'anti-austerity' policies.
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