As Labour leaders and finance ‘experts’ in the Obama administration call for more stimulus spending, more public spending in general and the expansion of the public sector (to create jobs and growth by employing tax eaters) led by Nobel Prizewinning
lunactic Paul Krugman, blogger Adam Collyer hands the Nobel prize winning economist a lesson in economic history.
Paul Krugman’s Ignorance Of History
Paul Krugman reckons the UK government is wrong to cut spending. Mr Krugman is a leading American economist, and indeed a Nobel prize-winner. Heres what he had to say:
Both the new British budget announced on Wednesday and the rhetoric that accompanied the announcement might have come straight from the desk of …
The Jobeless Economy
U.S. Stock Market Wobbles As Jobs Figure Rises
America’s unemployment rate unexpectedly rose last month, delivering a blow to recent optimism that a recovery in the world’s biggest economy was finding some momentum. John De Roe comments:America has the same systemic problems as Britain but on a larger scale. Successive political leaders have been secuced by the siren song of …