Is asking whether austerity works the most ridiculous question of the day?

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As the FT notes this morning:

Mr Osborne’s austerity programme, which now extends until 2018, has put him in the front line of a global economic debate: does austerity work?

I think there's a one word answer to that.

No.

The answer doesn't even need elaboration any more.

Now, shall we move on?