Friday, June 01, 2012
Austerity isn't working - the evidence
A MUST WATCH debate broadcast on the BBC is available here. The debate was aired on BBC Newsnight with guests Nobel Prize winning economist Paul Krugman, venture capitalist (and sometimes agitated pen waver) Jon Moulton, and Conservative MP Andrea Leadsom. Krugman -- almost too easily -- exposes austerity myths for what they are and shows how calls for austerity appear to be driven far more from ideological zeal than economic evidence. Brilliance.