Thursday, January 26, 2012
Remember the UK?
Do you remember that we (Get the Flick readers) are supposed to be watching the economic policy of austerity in the United Kingdom? To see how it’s working out because the Republicans want us to do the same thing?
No Interest, No Return
”Austerity -- paying down debt by cutting government spending -- does not work. It hasn’t worked in Greece, it hasn’t worked in Ireland, nor Spain, nor the United Kingdom. Remember, we’re watching the United Kingdom.”
Krugman remembers. Well...he should. He’s the one that had the idea after all.
The Greater Depression
”...the ongoing slump in Britain is now longer and deeper than the slump in the 1930s (the figure shows...”
Yes, you’ll have to go there to see the figure. After all, that’s their livelihood. I’m just a retired guy goofing around.
Yes, it is raining. Why do you ask?
January 26, 2011