On other fronts, however, the M.I.T. gang’s good advice has been ignored. The I.M.F.’s research department, under Mr. Blanchard’s leadership, has done authoritative work on the effects of fiscal policy, demonstrating beyond any reasonable doubt that slashing spending in a depressed economy is a terrible mistake, and that attempts to reduce high levels of debt via austerity are self-defeating. But European politicians have slashed spending and demanded crippling austerity from debtors anyway.
етц. http://www.nytimes.com/2015/07/24/opinion/paul-krugman-the-mit-gang.html?ref=opinion&_r=1
етц. http://www.nytimes.com/2015/07/24/opinion/paul-krugman-the-mit-gang.html?ref=opinion&_r=1