While we wait for the destructively high inflation to make its long-promised appearance, here's an oldie from Paul Krugman:
Baby-sitting the economy
* * * * *
a newer piece from PK re austerity and the Confidence Fairy . . .
Krugman spitting into the wind
Baby-sitting the economy
* * * * *
a newer piece from PK re austerity and the Confidence Fairy . . .
Krugman spitting into the wind
The Krug is right about the damage of austerity. Like locking a heroin junkie in a room and watching him almost die. The Krug much prefers to double the heroin so he feels no pain, then actually does die. So much more humane. Sounds like another Nobel Peace Prize is in order!
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