Re:Paul Krugman: The austerity delusion
by Nimitz14 on Wednesday April 29, 2015 @01:57PM
(#9460279)
> Most of the world has been following the recommendations of this “economist” for decades
That's exactly what they have not been doing.
> Just because it’s a government instead of a household or a business does not making borrowing against your future when you have no capability to pay it back a good idea. This guy is the same type of person that thinks that companies carrying a lot of debt is a good idea. The sign of a healthy business. Bunk.
That's exactly what they have not been doing.
> Just because it’s a government instead of a household or a business does not making borrowing against your future when you have no capability to pay it back a good idea. This guy is the same type of person that thinks that companies carrying a lot of debt is a good idea. The sign of a healthy business. Bunk.
Extremely relevant.
https://alvaroaltamirano.files.wordpress.com/2010/05/krugman...
HN may know programming but holy shit you're on the same level as the worst subs on reddit when it comes to economics and finance.