Paul Krugman – UK in “survival of the wrongest”
US economist and Nobel prize winner Paul Krugman has been writing about the UK again. It’s so short, I’m sure he’ll forgive us for quoting it in full:
Oh, my: I missed this, but ran across it when doing some research:
‘Ireland stands as a shining example of the art of the possible in long-term economic policymaking.’
It’s also worth noting that Osborne’s push for austerity now was based, to an important extent, on the widespread belief among conservative commentators that Irish austerity was a smashing success story.
I guess the special relationship remains: in Britain as in America, what we see politically is the survival of the wrongest.”