Steven Pearlstein Tries to Rescue His Austerity Pushing Friends

Steven Pearlstein is upset that the austerity pushers, like the Post's editors, are looking rather foolish these days. After all, it seems they not only have problems with basic economic logic, they also have trouble with Excel spreadsheets. He notes the serious structural problems in Greece and some of the other crisis countries, then tells readers:

"Unfortunately, this is not how the anti-austerity crusaders talk about Greece or Italy or Portugal. They offer no reasonable alternative other...