11 October 2014

Paul Krugman | Conservatives Revive the Canadian Fantasy

Josh Barro tells us in a recent New York Times article that conservatives are once again touting Canada as a role model, in particular using the country's experience in the 1990s to claim that austerity is expansionary after all.

I think this qualifies as a "cockroach" idea ("zombie" ideas just keep shambling along, whereas sometimes you think you've gotten rid of cockroaches, but they keep coming back). I thought we had disposed of all this four years ago. But nooooo.

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