Bob Murphy at The American Conservative:
So there you have it, folks: When European “austerity” leads to a rising unemployment, a double dip in GDP, and a collapsing budget situation, Krugman says he told us so; austerity is stupid. And when US “austerity” leads to falling unemployment, relatively strong GDP growth, and a vastly improved budget situation, Krugman says he told us so; austerity is stupid.
No wonder Krugman is so good with predictions.
