Monday, January 11, 2010
Paul Krugman praising Europe
Paul Krugman has a very interesting op-ed in today's New York Times on "Learning from Europe", where he argues that Americans don't appreciate Europe enough. He goes on to argue that "the story you hear all the time — of a stagnant economy in which high taxes and generous social benefits have undermined incentives, stalling growth and innovation — bears little resemblance to the surprisingly positive facts. The real lesson from Europe is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works". Worth reading.