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Paul Krugman looks for an historical example of austerity working, doesn't find one

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Paul Krugman looks for an historical example of austerity working, doesn't find one Empty Paul Krugman looks for an historical example of austerity working, doesn't find one

Post by Ben Reilly Sun Feb 03, 2013 6:08 pm

Today, I’d like to talk about a different but related kind of desperation: the frantic effort to find some example, somewhere, of austerity policies that succeeded. For the advocates of fiscal austerity — the austerians — made promises as well as threats: austerity, they claimed, would both avert crisis and lead to prosperity.


http://www.grandforksherald.com/event/article/id/255581/
Ben Reilly
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Paul Krugman looks for an historical example of austerity working, doesn't find one Empty Re: Paul Krugman looks for an historical example of austerity working, doesn't find one

Post by Lurker Mon Feb 04, 2013 6:36 pm

Paul is a smart dude. The right thinks he (insert everybody but them) is a communist. If only he was in charge of the economy.

I liked this comment:

"And let nobody accuse the austerians of lacking a sense of romance. In fact, they’ve spent years looking for Mr. Goodpain."
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