4 ms·
What stimulus? According to Krugman, fiscal policy in the US fell far short. In fact he classifies temporary decreases in spending -growth- as austerity. Fra
by ende 11y ago
What stimulus? According to Krugman, fiscal policy in the US fell far short. In fact he classifies temporary decreases in spending -growth- as austerity. Frankly most developed economies have thrown the kitchen sink at their problems to the extent that its near impossible to disentangle policies that coherently resemble either strategy. That makes analysis difficult, but also means all the economics bloggers blog about how right they were. Such is the dismal science.
- jbooth 11y agoStimulus compared to what others wanted. Indeed since 2010 we've been cutting lots of domestic spending but you wouldn't know that watching TV talk about socialism, so people have been calling for crazier cuts while predicting doom. They've consistently been very very wrong and had no accountability for it.