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.

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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