2014.12.30 Austerity lies
Krugman hates austerity, he likes government spending other people's money wantonly. When spending doesn't work, he lies about the causes. When the economy gets better, he lies about the causes. Both in the U.S. and in the U.K. He also lied about the austerity in France and Greece in 2012, Estonia 2012, UK in 2011, and Germany in 2014. Are you seeing a pattern? Paul Krugman is either sloppy or mendacious, and economics aren't known for being sloppy. If the NYT had a fact checker, they would fire him and wouldn't publish FakeNews (propaganda).