Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Swedish Academy of Science in Stockholm (Photo credit: Wikipedia)
This is an excellent article from Paul Krugman, the liberal, Nobel-winning, economist in his NYT blog. It’s really well worth a read. Check it out!
Personally, I strongly support Paul Krugman’s argument. I too am a demand-sider.
What do you think? Should policy-makers be listening to the demand-siders or the supply-siders?
Do you think there are lessons to be learned here by the UK and the rest of Europe, especially about austerity policies?
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