Krugman and Stiglitz: Crazy Austerity Policies Inflict Untold Damage on Economy | Alternet

The discussion touched on many themes, but the increasing need for economists — and politicians — to learn the lessons of history was a key point. Both Krugman and Stigtliz appeared troubled that much of our economic misery is not the result of uncontrollable forces, but self-inflicted pain springing from a failure to appreciate the lessons learned in past crises and to understand the role of government in creating and maintaining a strong economy.

via Krugman and Stiglitz: Crazy Austerity Policies Inflict Untold Damage on Economy | Alternet.

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