In support of the Austrian School of economics

Nicole Gelinas, author of After the Fall, has explained how various leaders have dug an even deeper hole for western democracies to climb out of since the financial meltdown of '07-''08.  The author does not talk about why they have (are) repeated the same mistakes that propelled us into the hole in the first place.  The simplest explanation of all is that they are all Keynesians  who  believe that deficit spending by the government is the answer.  But we tried this in the 30's and many times since and  it doesn't work.  The only way to get out of this mess is to rid the economy of all the malinvestments brought on by the inflationary policies of the Fed and government for many, many years.  no one is willing to bite the bullet and proscribe the bitter medicine necessary  to right the ship.  Good luck all of us.