"I feel stupid," someone said the other day. "I consider myself well-informed, but I have no idea what the term 'austerity economics' really means."
Actually it's not that complicated, and most of the lesson plan can be found in today's headlines
http://www.ourfuture.org/blog-entry/2012010209/austerity-dummies-6-step-10-minute-introduction
"5. Does austerity work? A resounding no. That's the conclusion reached in this paper from the International Monetary Fund. (The IMF was once the world's leading enforcer of austerity measures.)"
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