Premature fiscal tightening is, warns experience, as big a danger as delayed tightening would be. There are no certainties here. The world economy – or at least that of the advanced countries – remains disturbingly fragile. Only those who believe the economy is a morality play, in which those they deem wicked should suffer punishment, would enjoy that painful result.
The wicked, of course, aren't bad people like the banksters who have been doing their best to destroy the world. No, the "wicked" are those people who just aren't quite moral enough to be rich.