Is Austerity Failing?

By: Nick Ottens (Diary)  |  May 28th at 12:47 PM  | 

n his latest New York Times column, economist Paul Krugman criticizes the “pain caucus” in Europe, notably the European Central Bank (ECB), for insisting that sound money and balanced budgets will somehow fix all of the continent’s fiscal woes. Austerity, he argues, is failing and American policy makers would be ill advised to repeat it in their own country. Krugman’s column is unfortunately so filled | Read More »