Ok, so some of the best economists, trained at elite institutions, working for the pinnacle of the of the financial world got it wrong, very wrong. How wrong? Just go ask a Greek citizen. But, of course, we all knew that just by reading the headlines coming out of Greece
Continue readingTag: Crowding out
The real Zombie that won’t die: The Myth of Crowding Out
Don’t get me wrong I am really encouraged that Mr. Moffatt took it upon himself to echo what we should all know by now: debt is not the story behind the Euro crisis. And as Mike rightly points out the real story is the rural idiocy of austerity and the
Continue reading