In his book "Mrs Thatcher's Economic Experiment" William Keegan won acclaim even from critics for the virulence of his attack on the government's monetarist policies of the early 1980s. These, in his opinion, produced an unnecessarily severe recession and much social damage.His new book, "Mr Osborne's Economic Experiment " is a conscious echo of that earlier work. Keegan believes that, although the circumstances are different, there are parallels in the way that unnecessarily deflationary policies aggravated the recession that was initially brought on by the financial crisis,and have caused needless social hardship. William Keegan has been the Senior Economics Commentator of TheObserver for many years, having previously worked at the Bank of Englandand the Financial Times. He is the author of many books, including 'MrsThatcher Economic Experiment', (1984) and 'The Prudence of Mr GordonBrown' (2003). This is his second work for Searching Finance, the firstbeing''Saving the world?'' Gordon Brown Reconsidered (2012).AcknowledgementsIntroductionPart i Postwar AusterityChapter 1 Attlee and Cripps - A Personal Loan that led to a Premiership Chapter 2 Grants and Loans to finance War and RecoveryChapter 3 Years of Shortages and RationingNotes: chapters 1-3Part ii Austerity in the Twenty First CenturyChapter 4 Enter Mr Osborne and Governor CarneyNotesChapter 5 Treasury and Bank Policy at OddsNotesChapter 6 The Limits to Monetary PolicyNotesChapter 7 Panic StationsNotesChapter 8 How to Delay a Recovery NotesChapter 9 Economies Recover - EventuallyNotesPart iii Austerity - The Osborne ExperimentChapter 10 An Obsession with DeficitsNotesChapter 11 A Crisis Aggravated by Housing ShortagesNotesChapter 12 What About the Workers?NotesChapter 13 The Importance of the Exchange RateNotesChapter 14 Keynesians versus The RestNotesChapter 15 Bubbling House PricesNotesChapter 16 Interest Rate DilemmasNotesConclusionNotesIndex