Where's the apology part? Oliver Blanchard was not an austerity hawk before, so still not being one is not some sort of shocking turn. edit: to be specific, h

Where's the apology part? Oliver Blanchard was not an austerity hawk before, so still not being one is not some sort of shocking turn. edit: to be specific, he claims to be a non-fairweather Keynesian: stimulus on the downturn, austerity in good times. They seem to have a cyclical lifecycle and are all off somewhere spawning when it's time for the cuts.