Paul Krugman: Austerity 'Exposed' For What It Really Is

04/29/2013 08:29 am ET | Updated Jun 29, 2013
  • Paul Krugman The New York Times

Those of us who have spent years arguing against premature fiscal austerity have just had a good two weeks. Academic studies that supposedly justified austerity have lost credibility; hard-liners in the European Commission and elsewhere have softened their rhetoric.

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