September 20, 2011
Institute Faculty Fellow Mark Blyth, who is currently writing a book about how austerity became the policy response to the global financial crisis, tested out his theory in the form of a children's fable, a la Brothers Grimm, in his regular blog on Triple Crisis.
His tale as a happy ending, at least for "the Swedes and the Swiss, who lived happily ever after, despite paying an awful lot of taxes."