Monday, April 20

Worst case scenario for US: IRELAND!!

Paul Krugman on Ireland

Let me also say that Ireland’s recent policy moves — raising taxes and cutting spending in the face of a severe recession, so as to reassure nervous lenders — are an extremely disturbing omen. Iceland was one thing; but now another advanced economy, with a 7-digit population, has hit the limits of anti-recession policy.

Click here for Krugman's NYT article

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