Bill Black — “Third Way’s” “Fresh Thinking” – the EU is our model for Austerity

On September 15, 2011, a Wall Street lobbying organization known as “Third Way” proposed that the congressional “super committee” adopt a stringent austerity program.

Third Way’s tag line on its web site is “Fresh Thinking,” but it simply a mouthpiece for Wall Street’s curdled ideas.

Third Way’s rationale for austerity is a marvel of duplicity or ineptitude so great that duplicity would do less damage to their reputation.

New Economic Perspectives
“Third Way’s” “Fresh Thinking” – the EU is our model for Austerity
William K. Black | Professor of Economics and Law, UMKC

Is the Third Way deluded or duplicitous, or both? You decide.

Weird how the dilemma supposedly faces is presented as the Scylla  of Greece or the Charybdis of Zimbabwe, neither of which in any way, shape or form are even remotely similar to the United States or its circumstances.