With Italy following Greece off a cliff, it’s hard to see how the euro can survive. Now that the euro project is on the rocks, what lessons should we draw? Full Story »
Posted by Manfred Ostrowski - via Paul Krugman, NewsRack (Poverty), New York Times (Most Emailed), New York Times (Opinion)
This is classic Krugman -- clear, well reasoned, sprinkled with facts (eventhough sources are not cited), hewing to economic theory but predictable and casually dismissed by the current conservative ideologues as more "far left" propaganda.
Convincing defence of "Old Europe", useful warning not to trust austerity ideologues too much: In all its brevity, a helpful contribution to the discussion of a very complex situation.
But the nations now in crisis don’t have bigger welfare states than the nations doing well — if anything, the correlation runs the other way. Sweden, with its famously ... More »
Paul Krugman does not "pull his punches", so to speak. So, he can be trusted to take a stand and not equivocate or try to "balance" his commentary. Therefore, one is challenged to verify or refute what he has to say. Wayland T Washington
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