"The austerity consensus that took over Washington (and Brussels, and London, and Frankfurt, and …) never actually had many facts behind it to begin with . It flourished through sheer incestuous amplification: the in-crowd reassuring each other that they were right, with journalists — as Ezra himself pointed out — simply adding to the problem" krugman.blogs.nytimes/2013/06/06/the-unbearable-lightness-of-being-right/
Posted on: Fri, 07 Jun 2013 21:08:51 +0000
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