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>> SPENDING CUTS Latest News

OCT 21, 2013 - Forbes

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Krugman On Austerity: How About Looking At The Facts For A Change?

  New York Times economist and editorial writer, Paul Krugman, has headed the Left’s crusade against austerity, both in the United States and across the industrialized world. To Krugman, “austerity” does not denote a careful husbanding of government money. Rather austerity denotes unwisely large cuts in government spending that, he claims, threaten economic growth and recovery. Krugman bases his opposition to austerity on an empirical assertion that we can test; namely: “Across the advanced world, big spending cuts have been associated with deeper slumps.” Krugman’s testable hypothesis, ... Read More

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