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View Diary: Krugman and the Paradox of Austerity (93 comments)

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  •  And you think the result of that was just felt in (0+ / 0-)

    Germany? It was felt in places such as Greece as well. Such countries bore the brunt of that.

    Remember, what happened with Weimar Germany and then again AFTER the war. They defaulted on their debts. Massively. They were then given a huge stimulus package in the form of the Marshall Plan. Since the German economic miracle is a result of stimulus and not austerity, then why are they giving Europe the Treaty of Versailles?

    There are two kinds of people in this world. The kind who divide the world into two kinds of people, and the kind who don't.

    by upstate NY on Tue Sep 20, 2011 at 11:28:08 AM PDT

    [ Parent ]

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