Austerity, Economics, and Alien Scenarios

This chapter examines the contentious relationship between fiscal austerity, economic policies, and empirical evidence, using Canada's 1990s spending cuts as a case study. It contrasts Keynesian and libertarian views on government spending, emphasizing a need for evolving thought processes in light of new data. The discussion even ventures into playful hypotheticals, such as alien invasions, to illustrate the complexities and implications of economic theories.