Wednesday, March 7, 2012

Krugman Is Concerned That One Of The Good Guys Wants Austerity In US To Spur Structural Reforms

Paul Krugman despairs because a good guy makes the case for austerity in the US. Krugman is less sure that structural reforms are needed in the US, and he has a less rosy outlook on the US recovery. It will take the US 4 years to reach a 5.5% unemployment rate if we add 179,000 jobs per month. Should we accept 4 more years of high unemployment?

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