One of my pet peeves with the Left (I have a whole different set with the Right) is there constant refrain that we have been experiencing some sort of “austerity” both here and abroad for the last several years. Paul Krugman seems to right a column to that effect every other day. Most recently, President Obama took that line in announcing his latest budget proposal, saying that it was finally time to end “mindless austerity.” Austerity? Mindless or otherwise. Where?
I have further thoughts and discussion in this week’s column for National Review Online: