Paul Krugman:
The New Statesman had a good idea — it went to 20 British economists who signed a letter back in early 2010 calling for immediate austerity and asked them whether they still supported the Osborne policies now that Britain is in double-dip recession. Only one of those who replied said yes, while nine urged Osborne to reconsider his opposition to stimulus.
Good on them. I was, however, disappointed to see so many of the prodigal economists asserting that they were responding to changed circumstances rather than admitting that they simply got it wrong.
For circumstances really haven’t changed; the UK had a depressed economy then, and it still does now.
Here in Portugal ( i no longer watch TV or read newspaper ) but i guess the same austerians ARE in charge still, pretending to be as serious as your life and enjoying stoic support from the ever ignorant journalists that bothers not to peak outside their own comfortable bubble.
And the people play being rich, taking side of the rich and powerful plus their puppets.
Like everything is alright.
Right!
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