And the Word of the Year is ... Austerity

December 21, 2010

Merriam-Webster yesterday declared “austerity” the US word of the year for 2010. Earlier this year, Faculty Fellow Mark Blyth was featured in an Institute-produced animated video short of the same name. In it, he describes the thinking behind austerity policies being pursued in many countries as inherently flawed. Then again, as Blyth recounts in a new interview on Open Source, 2011 will be worse... and life will go on.