The Diabetic Economy, by Paul Krugman – The New York Times

Chronic weakness in Europe and what it means.

Source: The Diabetic Economy – The New York Times

Dear Paul Krugman,
I like this piece, and understand it as far as it goes. Can you explain why the politicians in Europe are so against government spending, and Keynesian stimulus, in the face of their huge unemployment numbers. I understand it in this country, the right wing of the GOP has drunk the koolaid recipe of Anne Rand and Ronald Regan, neither of whom were economists. But why the reluctance and hostility in Europe. Is it the deep fear of runaway inflation from pre World War II Germany? Perhaps it is because their taxes are already so high, that in fact, the voting public is terrified that taxes might go higher? What are the roots of Europe’s love of austerity in the face of egregious unemployment?

About David Lindsay Jr

David Lindsay is the author of "The Tay Son Rebellion, Historical Fiction of Eighteenth- Century Vietnam," that covers a bloody civil war from 1770 to 1802. Find more about it at TheTaySonRebellion.com, also known as, DavidLindsayJr.com. David Lindsay is currently writing about Climate Change and the Sixth Extinction., as well as singing and performing a "folk concert" on Climate Change and the Sixth Extinction. He can be reached at daljr37(at)gmail.com.
This entry was posted in Paul Krugman, Politics and Economics and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s