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 a brilliant MUST READ article from Paul Krugman, Nobel Prize winning, liberal, economist, in his Op-Ed blog in the NYT.

The Big Shrug – NYTimes.com.

For me, the austerians in Washington, London and Berlin still dominate the political classes and are dealing the cards; this is despite excessive austerity being totally discredited this year by the vast majority of top-class economists, including the IMF.

Any thoughts?

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