No One Told Robert Samuelson About the Shift to Austerity

Europe and the United States both shifted their fiscal policies from stimulus to austerity in 2011. Most economists see this as a major factor explaining the weak recovery from the 2008-2009 recession. Incredibly, in his latest Washington Post column assessing the weakness of the economy, Robert Samuelson never mentions the shift to austerity.

Actually, the column is more than a bit confused since it starts by making the case that the Fed actually should be raising interest rates since the ec...