Doctors Report Assault Victim Feeling Better, Attribute Improvement to Vicious Beating

Readers of the Financial Times will undoubtedly be looking for this headline in future editions after seeing that:

"Berlin and Brussels credit fiscal discipline and reform for euro zone recovery."

As predicted by non-members of the flat earth society everywhere, the "fiscal discipline" pushed by Berlin and Brussels has led to severe recessions across much of Europe.The story is very simple. In the middle of a severe downturn, cutting back government spending and/or raising taxes lowers demand...