Tuesday, 2 October 2012

Krugman on the failure of austerity economics

After almost two and a half years of the Osborne-led austerity experiment in the UK, all evidence points to the fact that those warning about the folly of austerity have been proven right.

One of the leading voices against austerity has been Nobel Prize-winning economist Paul Krugman. Here, for those that missed it earlier on this year, is him engaging in a debate with two right-wingers. And in a few minutes, Krugman puts the case for Keynesian economics very well indeed. To the evident discomfort of his right-leaning guests.

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