Page 10 of 10 FirstFirst ... 8910
Results 91 to 92 of 92

Thread: Krugman Wishes He Were Wrong Amid EU Austerity Backlash

  1. #91
    Sage
    Gimmesometruth's Avatar
    Join Date
    Feb 2012
    Location
    US Southwest
    Last Seen
    09-13-17 @ 10:22 AM
    Gender
    Lean
    Liberal
    Posts
    22,405

    Re: Krugman Wishes He Were Wrong Amid EU Austerity Backlash

    Some perspective, the US looks like an East Euro country on unemployment (really bad), but Ireland is way worse.



    internationalemployment_peripheral.jpg

    International Economic Comparison, 2011Q4 Oregon Office of Economic Analysis
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

  2. #92
    Banned
    Join Date
    Jul 2009
    Location
    Oslo, Norway
    Last Seen
    07-07-16 @ 08:11 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    2,854

    Re: Krugman Wishes He Were Wrong Amid EU Austerity Backlash

    Quote Originally Posted by Gimmesometruth View Post
    Some perspective, the US looks like an East Euro country on unemployment (really bad), but Ireland is way worse.
    internationalemployment_peripheral.jpg

    International Economic Comparison, 2011Q4 Oregon Office of Economic Analysis
    But look at this chart. It is obvious that Ireland was initially in a much worse situation. They had a budget deficit of 30%, massive GDP drop, and a massive drop in employment. They also spent the most of everyone in the beginning. Still, right now Ireland is doing better. Their economy is back to growth, their current account deficit is dropping. Extrapolating this curve till today, Spain, Greece, Portugal and Italy has kept dropping, while Ireland has not.

    It proves my point, you should try to correct the causes of the recession immediately, and not wait for growth. Remember, Europe didn't do austerity before in 2011. Before that, it was all stimulus, and it made Europe rebound for a little while, but they never solved the initial problems. Give Austerity A Chance: Growth Spending Failed | ZeroHedge

Page 10 of 10 FirstFirst ... 8910

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •