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Is Austerity self-defeating?

Prominent economists in the UK declare that 10 years of financial hardship should have been avoided with fiscal stimulation. Are they correct?
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SW-User
should have been or could have been? might seem immaterial in question
Valentine · M
@SW-User I initially put 'could' but then changed it to 'should' - to stimulate response (thank you) and because those suffering hardship deserve to know the truth. Some politicians would recommend abandoning austerity now, so it could (should?) impact on the future too.