Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Photo credit: Wikipedia)
English: George Osborne MP, pictured speaking on the launch of the Conservative Party manifesto for the 2009 European Parliament elections, at Keele University. (805×1207 px, 283,711 bytes) (Photo credit: Wikipedia)
This is a MUST READ from Nobel Prize winning, liberal, economist, Paul Krugman, writing in his NYT op-ed blog. Check it out!
Osborne and the Stooges – NYTimes.com.
Despite all the hard evidence from mainstream economists and the IMF, the UK media is trying to portray George Osborne as a hero. Why?
Just try to imagine the economic and social damage that George Osborne’s policies of excessive austerity have done to the UK? (according to Oxford economist, Simon Wren-Lewis it’s equivalent to circa 6% of GDP over the term in office)