Austerity falsified by US indicators

The reaction to the Reinhart and Rogoff argument that supports Austerity policies in the US and Europe was contradicted by the authors of equal standing based inter alia in the US indicators during the peak of the recent crisis. “In fact, both inflation and the interest rates on US Treasuries were at historic lows in the four years, 2009-12, during which government deficits were at their peak.” Adding that government deficit spending remains the only effective mean Known to fight unemployment.