Mark Carney is an economist. So why is he ignoring decades' worth of data showing austerity makes things worse?
#Austerity "has significant and persistent negative effects on employment and the size of an economy (...), with the damage lasting more than 15 years"
Across a variety of advanced economies, "the negative impact [of #austerity] on GDP remains substantial even after a decade and a half. On average, GDP is more than 5.5% lower 15 years after a large austerity shock than would have been expected if there had been no austerity"