Krugman: the frantic effort to find some example, somewhere, of austerity policies that succeeded

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…At this point, you might have expected austerity advocates to consider the possibility that there was something wrong with their analysis and policy prescriptions. But no. They went looking for new heroes and found them in the small Baltic nations, Latvia in particular, a nation that looms amazingly large in the austerian imagination.

At one level this is kind of funny: austerity policies have been applied all across Europe, yet the best example of success the austerians can come up with is a nation with fewer inhabitants than, say, Brooklyn. …

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http://www.nytimes.com/2013/02/01/opinion/krugman-looking-for-mister-goodpain.html?_r=1&