Krugman’s Own Hubris

As a follower of Paul Krugman’s blog, I noticed that the lion’s share of his posts contains either of the following two messages:

1) Republicans are idiots

2) Austerity economists are idiots

Yesterday, Krugman wrote once again that economically Europe is not recovering as it potentially could, because it insists on policies of austerity – that is to say, to cut on government spending. He even argues that austerity measures caused that Mario Monti had to step down, whereas I think we should not underestimate the influence of Mr Berlusconi in this matter. Continue reading