COLUMNIST PAUL KRUGMAN: Budget hawks swoop down on wrong prey

June 19, 2010 at 6:25 pm in Grand Forks Herald

What’s the economic logic behind the government’s moves? The answer, as far as I can tell, is that there isn’t any. Press German officials to explain why they need to impose austerity on a depressed economy, and you get rationales that don’t add up. Point this out, and they come up with different rationales, which also don’t add up. Continue Reading