Sorry Krugman, Deficit Reduction Worked in Europe

Paul Krugman has never been shy about denouncing Britain’s attempt at deficit reduction. In 2012 he called it a “stunning failure of policy” and accused Prime Minister David Cameron of “willful amnesia” for failing to grasp Keynesian economics. Later that same year Krugman giddily declared that the “confidence fairy died.” The “fairy” was Krugman’s attempt…
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The Growing Logical Inconsistency in Liberal's Policy Prescriptions

Internal consistency isn’t exactly a hallmark of liberal logic. The most brazen example has come from the new fetish amongst left-wing talking heads and even-leftier wing bloggers that the perceived failure of European austerity just goes to show that America is due for another stimulus package. Let’s go ahead and get some caveats out of…
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Smart Reforms Now Preclude Austerity's Pain Later

Not one to lose out on a messaging opportunity (never let a good crisis go to waste after all) liberals have already begun to revise the history of the Great Recession. Here’s Mr. Head in the Sand himself, Paul Krugman, explaining just how silly all of this austerity is. “[I]n early 2010 austerity economics –…
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