The Austerity Delusion...

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Post by Rockhopper on Mon May 04, 2015 9:31 pm

Paul Krugman has a very important vision on the Austerity that has been imposed on various countries to fix up their economies. After 5 years it just hasn't worked.

Source.

Tim.
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Post by Lenzabi on Mon May 04, 2015 10:32 pm

Ah yes, I saw about that as I am a member of Daily KoS, I get feeds like that a lot, and there was the fact that on the news, (amazingly), the work the makers of this austerity concept fudged and made mistakes that were let slipped though in the spreadsheet, and they were happy to have the idea accepted, but then Peer review process, it caught the mistake, and that the "cat was out of the bag" that their plan by these Harvard economic professors was so utterly flawed. Austerity, like trickle down economics, is a dead end.

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Post by Rockhopper on Tue May 05, 2015 1:35 pm

Yep Len. Even the Bank of England has stated that it's not working and is not likely to do so.

It's simply based on ideology not on knowledge.

Tim.
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Post by Lenzabi on Tue May 05, 2015 2:44 pm

@Rockhopper wrote:Yep Len. Even the Bank of England has stated that it's not working and is not likely to do so.

It's simply based on ideology not on knowledge.

Tim.

Neo-con economic ideology, and it has to be shoe horned into our society no matter what, or they scream and tantrum and want Ice Cream when we give in

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