The Mythical 70s – NYTimes.com – Paul Krugman

This is a very interesting and reflective blog from Paul Krugman, Nobel Prize winning, liberal, economist, writing in the Op-Ed column in the NYT. It’s well worth a read. Check it out!

The Mythical 70s – NYTimes.com.

I am one of those to whom Krugman refers, in their sixties, with first hand memories of life in the seventies. Krugman is right that the reality of the seventies is not as is being currently portrayed by the “austerians“.

I have many vivid memories of the seventies in the UK and Europe, including the three-day week and the miners’ strike.

Perhaps, one  my most vivid memories is from when I was working for American Express and had a conversation with a Swiss lady on a plane. She said to me in all seriousness:

 Oh you are English. How terrible! I can’t imagine how you can live with all those strikes!

What do you remember of the seventies?

Paul Krugman, Laureate of the Sveriges Riksban...

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)

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