Far be it from me to cast a pox on what has been one of the only few bright lights in the last few years but premises matter. In Krugman’s recent Looking for Mr. Goodpain he presents a reasonable derision of those pushing austerity in the face of zero evidence
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Putting lipstick on the PIIGS: the health of modern macroeconomics
Ok, so some of the best economists, trained at elite institutions, working for the pinnacle of the of the financial world got it wrong, very wrong. How wrong? Just go ask a Greek citizen. But, of course, we all knew that just by reading the headlines coming out of Greece
Continue readingThe real Zombie that won’t die: The Myth of Crowding Out
Don’t get me wrong I am really encouraged that Mr. Moffatt took it upon himself to echo what we should all know by now: debt is not the story behind the Euro crisis. And as Mike rightly points out the real story is the rural idiocy of austerity and the
Continue readingShould Ontario Become an Independent Country?
Ok just forget how crazy the questions sounds. The recent wrangling between Ontario and Alberta over the value of the Canadian dollar, oil output and the decline of manufacturing in Ontario (and other provinces east of Ontario) raises some reasonable … Continue reading →
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