in 2008, Europe had not been infected by the US's Great Banksters Depression. 3 or 4 years later, it has (even with US taxpayers bailing out Euro banks).
Go find the Euro economic data for 2008 to prove whether your laughing is or Krugman was right
lol boutons. lol krugman. lol thinkprogress.
in 2008, Europe had not been infected by the US's Great Banksters Depression. 3 or 4 years later, it has (even with US taxpayers bailing out Euro banks).
Go find the Euro economic data for 2008 to prove whether your laughing is or Krugman was right
Yours are as content-free as the usual teysha or darrin posts.
Great. Krugman supports the economic policies of Diocletian! Google; Diocletian tyrant
but in 2008 the Euro welfare states and crazy overspending was well put in place. It was just a timebomb waiting to happen.
Krugman loves to rewrite history:
http://blogs.telegraph.co.uk/news/ni...own-in-flames/
But the rest of his analysis of the crisis in Europe, as well as the causes, is in the realm of pure fantasy. In his recent piece en led “Legends of the Fail”, Krugman rejects the idea that “Europe’s woes reflect the failure of welfare states in general, and that Europe’s crisis makes the case for immediate fiscal austerity in the United States”.
The reality that Krugman refuses to accept is that Europe offers a glimpse of America’s future if it continues down the path of European-style big government. The root of Europe’s financial crisis lies in decades of over-spending and over-borrowing, largely to pay for overgrown and bloated welfare systems, vast public sectors, and incredibly generous pension plans. Europe has a huge en lements disaster heading its way, with graying electorates unable to sustain the status quo. Added to this has been the disastrous euro experiment, which has created a one-size fits all approach for 17 EU countries, with varying levels of economic advancement. It has been a huge leap into the dark, without a shred of democratic accountability.
"but in 2008 the Euro welfare states and crazy overspending was well put in place. It was just a timebomb waiting to happen."
and the US financial sector's insanely high risk bets, and record high household debt pushed hard by the lenders, were a time bomb that did happen.
Euros actually get something for their socialism, while Americans get nothing but butt- ed by capitalism.
Some content for boutons.
There is of course a major problem with Krugman’s analysis – deep-seated austerity measures have barely been implemented across most of Europe, including in Britain. The reality that Krugman ignores is that real austerity has yet to be introduced in most European countries, whose governments are still in the process of drawing up plans for budget cuts – Spain, with an unemployment rate of nearly 25 percent after years of ruinous socialist rule, is a case in point.linkIn London, Ins ute for Fiscal Studies research has shown that just 6 percent of planned cuts in current public service spending in Britain have actually been implemented by the Conservative-Liberal Coalition. That’s hardly a recipe for plunging Britain back into “depression” as Krugman calls it.
Since boutons is so big on content, I'm sure he'll be along shortly with something to explain how austerity cuts that haven't even been implimented yet are directly responsible for eurozone unemployment.
based on real government consumption, it looks like austerity has been in effect for quite a while...
http://krugman.blogs.nytimes.com/201...gman&seid=auto
A thread about Ron Paul AND Paul Krugman?!!
How long I've waited.
no response, figgers.
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