ZERO HEDGE: Bad News For Keynesians: Data Shows The Austerians Are Right. “The results may help explain why Keynesian pundits resort to nonsensical arguments. They often claim that poor performance in countries attempting to contain public debt proves austerity doesn’t work, which is like deciding your months in rehab stunk, and therefore, rehab is bad and heroin is good. A more honest approach is to compare fiscal actions in one time period with results in later periods, after the obvious short-term effects have played out (as in the charts). But if Keynesians did that, they would reveal that their own advice has failed.”