Monday, April 30, 2012

Austerity Sucks! But Do US And European Lawmakers Know Or Even Give A Shit?

Here's a Business Insider interview with Paul Krugman, the unrepentant world champion of Keynesian economics. Krugman makes the very logical argument that governments that support the austerity mantra are just wrong and actually should be 'doing the exact opposite of what we are doing now'. He says that US prosperity would return in 18 months if the political obstacles could be removed and governments would start spending more on such things as rehiring public employees.

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