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)

This is a good read from the Berlin Policy Journal. Check it out!

Myths of Austerity – and Paul Krugman | Berlin Policy Journal – Blog.

The article argues the case for austerity and challenges Nobel Prize winning economist, Paul Krugman and the NYT for being wrong.

Personally, I below that there is an important place for austerity BUT it must be coupled with reform. I also believe that austerity in Europe has  lasted too long, which has seriously reduced economic growth and kept millions out of work.

Thoughts?