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A comment on Paul Krugman: The austerity delusion. Parent comment

Re:Paul Krugman: The austerity delusion by cjensen on Wednesday April 29, 2015 @01:48PM (#9460178)
He specifically calls out Greece as a special case. His comments are directed towards economies which are not like Greece.
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Re:Paul Krugman: The austerity delusion by pjkundert on Wednesday April 29, 2015 @02:20PM (#9460508)
Ah. The trusty "No True Scottsman" fallacy...
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Re:Paul Krugman: The austerity delusion by Amezarak on Wednesday April 29, 2015 @02:31PM (#9460591)
No, it's not a "No True Scotsman" fallacy. Greece, crucially, does not print its own currency and there was no real lender of last resort available at the time.

It's been a trivial exercise for many years to point out that countries with even more debt than Greece are not going into debt crises for those exact reasons, with Japan as the almost canonical example with its still-low interest rates.

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