Krugman and British austerity

posted by
March 7, 2012
Ludwig von Mises Institute
by Sean Rosenthal  
Posted in Commentary

"Based on a combination of economic problems in Britain and an assertion that austerity caused or exacerbated these problems, Krugman believes he has empirical support for his view that, during recessions, deficit spending promotes economic growth and cutting spending exacerbates economic downturns. Interestingly, Krugman neglects to provide any data on British government actions." (03/07/12)  

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