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Krugman and Stiglitz: Crazy Austerity Policies Inflict Untold Damage on Economy

Sat, 10/27/2012 - 13:54 — Dave Culver
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Economics
  • Two Nobel laureates, an election, and a shaky economy. The message? We can do a whole lot better.
  • How Bad Things Are
  • Ghost of the New Deal Haunts Democrats' Agenda, but It's Time to Summon FDR

Lynn Stuart Parramore, AlterNet

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October 24, 2012  |  Though there wasn't too much talk of specific politicians last night, the election certainly hung in air as the two most cited economists in the world met on stage in New York City to discuss where the economy is headed.

The event was hosted by the Institute for New Economic Thinking (INET), Shakespeare & Company Booksellers, and the Fashion Institute of Technology, which, as president Joyce F. Brown reminded the audience, is a premier public institution that has suffered from budget cuts in a shaky economy. She stressed that she worries each day about the economic conditions students will face when they graduate.

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Related:

How Bad Things Are, Paul Krugman, Truthdig

  • The following excerpt from Paul Krugman’s book “End This Depression Now!” was published with permission from W.W. Norton & Co.
  • Paul Krugman: Austerity Is So Wrong!

Ghost of the New Deal Haunts Democrats' Agenda, but It's Time to Summon FDR, Richard D Wolff, Truthout

  • Because they developed no effective counterstrategy to affirmatively defend what the business community and the rich assaulted, Democrats lost parts of their electoral base and, thus, strengthened the Republicans. Keeping FDR's achievements away from their 2012 convention marked another step in the Democrats' decline.
  • These Words Of Warning From FDR Still Ring Eerily True Today
  • Why It Matters: Wall Street regulation and reform
     

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