On The Glenn Show, Mark talks about his new book Austerity: The History of a Dangerous Idea. Mark explains why the austerity craze pisses him off. Glenn asks Mark how to define austerity, which leads to a discussion of who’s really responsible for the national debt and how to talk about government fiscal consolidation. Mark provides a brief intellectual history of the austerity idea. The two end with a discussion of the current sovereign debt crisis in Europe and the failures of austerity policies there.