Commentary & Content Curation Since April 2005
(FKA China Confidential)
Tuesday, May 14, 2013
Paul Krugman On the Crumbling Case for Austerity
Austerity--savage spending cuts during recession when stimulus is obviously called for--has failed miserably at home and abroad. The real mystery is why the positively irrational policy was ever seriously considered, let alone adopted, in the first place.