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 powerful, MUST READ article from Nobel Prize winning economist, Paul Krugman. Check it out!
Fiscal Fever Breaks – NYTimes.com.
Sadly, in the UK and Southern Europe, there is no sign of the fiscal fever breaking, with record dependence on foods banks in the UK.
Surely, it’s increasingly obvious to the mainstream media that George Osborne‘s fiscal projections into the next Parliament are not sustainable? [For an excellent source of hard evidence see Opinion: Fabian Society – 2030 Vision}.
Let me turn this to an open question:
How many people in the UK and Southern Europe will die of the fiscal fever epidemic before there is a change of policy?