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PAUL KRUGMAN: Austerity didn’t, doesn’t and won’t work

Published 02/02/2013, New York Times

Today, I’d like to talk about the frantic effort to find some example, somewhere, of austerity policies that succeeded. For the advocates of fiscal austerity — the austerians — made promises as well as threats: austerity, they claimed, would both avert crisis and lead to prosperity.

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