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Paul Krugman: Their Own Private Europe

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American conservatives have long had their own private Europe of the imagination -- a place of economic stagnation and terrible health care, a collapsing society groaning under the weight of Big Government. The fact that Europe isn't actually like that -- did you know that adults in their prime working years are more likely to be employed in Europe than they are in the United States? -- hasn't deterred them. So we shouldn't be surprised by similar tall tales about European debt problems.

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