More On Eurozone Crisis And The Wrong Solutions

Paul Krugman provides some charts that explain how the eurozone crisis developed. He argues that eurozone leaders don't understand the cause, and that is why the medicine is lethal. Of course, the GOP has only one reason for every economic problem. The governments did it by overspending on social welfare programs. The only problem with its explanation is that it is inconsistent with the data. Of course, data is not important to its base that holds firmly to its articles of faith on every issue.