http://www.economist.com/comment/1238350
"I could go on. This comes on top of criticisms of austerity policies from the IMF, intense pressure at Davos on the German government to countenance increased spending by northern European countries and looser monetary policy at the ECB, and so forth. To some extent what we're seeing here is the backwash from the euro-zone crisis hitting the American economic debate. If you think that the German-led European solution to the euro-zone crisis is deeply confused, and a lot of Americans do, then you have to be troubled by the ways in which it resembles what austerity proponents would have liked America's response to the financial crisis to have been. Americans are starting to recognise that our recovery is further along than other advanced countries' in part because the way we handled the financial crisis wasn't really so awful. And that includes the stimulus."
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