Austerity’s emperors have no clothes

Stephen Colbert skewers the Harvard economists whose flawed research underpins austerity politics:

http://www.colbertnation.com/the-colbert-report-videos/425748/april-23-2013/austerity-s-spreadsheet-error

Check out Colbert’s interview with UMass-Amherst economics graduate student Thomas Herndon, who showed that austerity’s emperors have no clothes:

http://www.colbertnation.com/the-colbert-report-videos/425749/april-23-2013/austerity-s-spreadsheet-error—thomas-herndon

Read all about it here and here.

It’s NOT such a Wonderful Life!