Thursday, August 11, 2011

Its The Political Economy Stupid

link here to article

Economists like Paul Krugman can't understand why so many economists are making the case for austerity and why they ignore the fundamentals of economics as he understands them. The answer given in this article is that the folks who run the economy decide who will get the microphone. He does not blame economists for the directions being taken by governments. He does not even believe that it makes much difference who we elect to office. The answers to our economic issues would be the same.

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