What does this have to do with Paul Krugman? He did not write this article. He is not quoted anywhere in the article. I don't understand this obsession you have with Paul Krugman.
Government spending is not what is hurting these economies. Austerity is. Economic growth is non-existant, or falling, in countries that implemented austerity. Countries that have implemented stimulus programs have seen their economies grow and unemployment rates fall. Germany implemented the largest stimulus program in Europe and has one of the lowest unemployment rates there.
http://www.telegraph.co.uk/news/worl...ld-War-II.html
Britain has been practicing austerity, and economic growth has been non-existent there. Do you think this is just a coincidence?
The austerity measures implemented in Greece have been a disaster for the country.
Why has it been much easier for countries whose governments were willing to spend money to stimulate the economy? Why should people have to go without work because the government isn't willing to spend money?
They can start by collecting their taxes. The Greek government has a very poor record when it comes to collecting taxes. IMO, some of the countries in Europe, such as Greece, would be better off to drop the Euro and return to their own currency.
Again, I don't see what Paul Krugman has to do with this. Nobody here has advocated raising taxes to 80%. While I am not advocating returning the top tax rate to 70%, we did have much stronger growth in the 1960's, when the top tax rate was 70%, than we did over the past decade when taxes have been historically low, compared to the previous 50 years.
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