More From Krugman–Macroeconomic Folly – NYTimes.com
August 2, 2011 Leave a comment
You may not favor his progressive politics, but he is a first rate economist who reflects very basic and accepted economic analysis.
All of a sudden, people seem to have noticed that policy is moving in exactly the wrong direction. We’re getting headlines like this: Debt Deal Puts U.S. on Austerity Path as Economy Falters.