Awesome Wrongness

Awesome Wrongness :

Related to the previous post.

About a year and a half ago, all the Very Serious People said that it was time for a pivot in economic policy. Recovery was underway, so no more efforts to stimulate demand; the big threat was the bond market vigilantes, so it was urgent to slash the deficit now now now.

So, here's what has happened to employment…

It's not pretty.