I Think Paul Krugman is Mistaken – Spectator Blogs
The great sage – once described to me by someone who attended a (highly) derivative speech he made on the Scottish economy as Woody Allen with statistics and no jokes – blogs that George Osborne is “Britain’s Paul Ryan”. Remarkably, this seems unfair on both Mr Osborne and Mr Ryan. Anyway, Krugman writes: Osborne’s big idea was that Britain should turn to fiscal austerity now now now, even though the economy remained deeply depressed; it would all work out, he insisted, because the confidence fairy would come to the rescue. Never mind those whining Keynesians who said that premature austerity would send Britain into a double-dip recession. Strange to say,