Sunday, January 8, 2012

UK: JM Keynes again proven correct stimulus and austerity

Paul Krugman | Keynes' Predictions Proven Spectacularly Accurate
Paul Krugman, Krugman & Co.: "No country has driven itself into a debt crisis with stimulus - nor has any country with significant debt regained investor confidence through austerity. Look, I know that many people can't bring themselves to even consider the possibility that Mr. Keynes was right - or, for that matter, that I personally might have gotten anything right. But reality has been really clear here."
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