Paul Krugman on How Austerity is Failing in Europe

In an earlier Post, The Dismal Political Economist gave Europeans failing grades with respet to their policy towards Greece and other countries they were ostensibly trying to help.

Europe Plans to Commit Non-Lethal Suicide

Paul Krugman has written on this subject, and his analysis is so much better than that of The Dismal POlitical Economist's that it is only fair and right to link to it.

Paul Krugman on European Austerity