Sunday, November 20, 2011
The New European Romantics
They are the target of Paul Krugman today and he serves them a heaping helping of Princeton Professorial snark. Mind you, they deserve it, a boring, cruel bunch, the lot of them.
Last year, for example, the bank affirmed its belief in the confidence fairy — that is, the claim that budget cuts in a depressed economy will actually promote expansion, by raising business and consumer confidence. Strange to say, that hasn’t happened anywhere.Tenured academics can be so cruel.
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