Published February 02, 2013, 06:24 PM
PAUL KRUGMAN: Austerity didn’t, doesn’t and won’t work
Today, I’d like to talk about 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.By: Paul Krugman, New York Times
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