of little staggering omissions that made it slightly fundamentally wrong please welcome thomas herndon mr arnold thinks probation is one of the most important american company to realize that you have upset some people in the austerity crowd who have someone starting your car for you right now. when the public exceeds ninety percent of g.d.p. it becomes an obstacle to growth. the two great economists had committed a line in the columns of their ex bridge time as i've been talking to a lot of the media across the world and pretty heartbreaking stories about what's going on in europe and you know i've also seen the effects of it in this country as well we have to keep cutting the government budget and laying off people until those people get jobs that's right you got it the austerity policies are based on a full blown discount. you know but they see their already using it all over europe and they love it so much that they have celebrations in the street sometimes with. sometimes just fire and every. despite seven years having no lapse since the beginning of the the crisis. c b s economic studies c