TWO of the world's top economists attack Wayne Swan on austerity

TWO of the world's top economists have slammed Wayne Swan's argument that "austerity" is undermining economic growth in Europe and the US.As the Treasurer puts the finishing touches to a federal budget most pundits expect will project deficits as far as the forecasts go, renowned professors Alberto Alesina and John Taylor have questioned whether austerity is occurring in Europe and recommended spending cuts to boost economic growth and return public budgets to surplus.

Economists attack Wayne Swan on austerity | The Australian