Paul Krugman: Coordinated Austerity


Coordinated Austerity, by Paul Krugman, in NY Times: Antonia Fatas points out that there was a sharp turn to austerity on both sides of Atlantic in 2010 — which is a large factor in the weakness of economies in both places:

But guess who didn’t make an equally sharp turn? (All data from Eurostat)

In general, everything — everything — you hear conventionally, from the legend of Irish recovery to the legend of German austerity is just not true.

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This entry was posted in “Saltwater” vs “Freshwater”, Paul Krugman. Bookmark the permalink.

One Response to Paul Krugman: Coordinated Austerity

  1. Pingback: In a new book, End This Depression Now!, Nobel Prize–winning economist Paul Krugman says the current economic problems can be fixed both more easily and more quickly than anyone imagines. |

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