vrijdag 22 oktober 2010

British Fashions Victims

In the spring of 2010, fiscal austerity became fashionable. I use the term advisedly: the sudden consensus among Very Serious People that everyone must balance budgets now now now wasn’t based on any kind of careful analysis. It was more like a fad, something everyone professed to believe because that was what the in-crowd was saying. ...
Read Krugman 's opinion article on the New York Times here.

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