USA vs Eurozone strategies since 2008
Krugman.
America needed a bigger stimulus, but was significantly helped by the one we had.
The lower orders took a bad beating, but not as bad as it might have been.
Europe is sinking due to its politically motivated misdiagnosis of the problem and resulting policy of relentless austerity.
The beating administered thus to the lower orders has been more pronounced, thorough, and damaging.
Krugman does not quite see that that was and remains the point at which the elites he castigates were actually aiming.
The policy of austerity, there and here, is an intentional policy of class war, part of a broader set of policies aimed at and achieving an enormous spurt in inequality as productivity gains go to the elites while everyone else is still poorer than they were before the collapse of 2008.
The stock market in the US is not liking the deflationary trend in Europe.
People are warning of the definite end of the bull market.
Careful, folks.
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