“Austerity, Italian Style” by Paul Krugman (TIMES, 2/25/13)


Kudos to Paul Krugman for again denouncing austerity as the remedy for the depression gripping Europe.

Though it probably will not save capitalism in the long run, deficit spending should be the order of the day. Governments can create more jobs than the private sector can.

 

A. Garavente

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