Nobel Prize Winning Economist Joe Stiglitz Fails Economic History. | WHAT REALLY HAPPENED

Nobel Prize Winning Economist Joe Stiglitz Fails Economic History.

My colleague Dan Mitchell and I have long been baffled by the Quixotic efforts of such prominent economists Paul Krugman and Joe Stiglitz to blame economic stagnation in the eurozone on insufficient government spending.

Government spending in the euro countries rose from 45.3% of GDP in 2007 to 49.5% in 2013, according to Eurostat, with particularly huge increases in Greece, France, Italy and Portugal. The table below shows how little austerity there has been in euro public sectors.

Webmaster's Commentary: 

These economists are paid to ignore that 11th marble!

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