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Bogus Austerity

  1. profile image0
    Sooner28posted 5 years ago

    Paul Krugman has been warning for months that austerity measures, at this point and time, are a bad decision.  It would send the economy back into a recession.

    Looks like Europe is a case in point.  Humans should not be so dense they don't learn from their mistakes.  http://www.huffingtonpost.com/2012/05/0 … 70237.html

    http://www.washingtonpost.com/business/ … story.html

    http://www.cbc.ca/m/rich/business/story … onomy.html

    1. Ralph Deeds profile image74
      Ralph Deedsposted 5 years agoin reply to this

      True. Krugman is correct.

  2. knolyourself profile image61
    knolyourselfposted 5 years ago

    Unless you are getting richer on other people getting poorer.

  3. maxoxam41 profile image75
    maxoxam41posted 5 years ago

    Since I reached age 18, it is austerities after austerities. It doesn't work and still they apply them. It means either they are content with their results, either they don't want the people to know that they are alternatives to austerities i.e. to favor an economical policy centered on the demand, like Roosevelt did.
    I am happy that movements of rebellion are rising in Europe. ENOUGH IS ENOUGH!

    1. profile image0
      Sooner28posted 5 years agoin reply to this

      Empirical evidence against the right's claims leave the argument rebutted.