No austerity anywhere in the world has restored a national economyQuicklink submitted by B. Ross Ashley Permalink
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|Paul Krugman's recent column looks at the romance between the "austerians" -- the promoters of austerity for economically troubled nations -- and the need to inflict pain to get economic gain. His bottom line -- no country that has tried austerity has seen a major economic benefit.
My bottom line -- add "to its people" to the end of Krugman's bottom line and you've got it exactly. There is an obvious economic benefit, but only for a few.
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