Labor & Economic News Blog

Tuesday, February 12, 2013

Austerity: Kind of a drag

Austerity: Kind of a drag
“Start with a basic point: Slashing government spending destroys jobs and causes the economy to shrink.” –from New York Times columnist Paul Krugman (2/8/13).
Krugman, I and others have cautioned against austerity for years. It simply never made any sense to make an already weak economy weaker by slashing government spending …


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