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Paul Krugman: Austerians are like the Three Stooges

In his latest column, New York Times columnist and award-winning economist Paul Krugman lays into the pro-austerity crowd for their recent claims of vindication.

While Krugman acknowledges that some of the countries that underwent austerity are seeing tepid signs of growth, he argues that this is hardly an endorsement of budget-slashing and tax-raising in a depressed economy, and that this mild growth is largely a consequence of less austerity — not more.

In that sense, he compares austerians to a Three Stooges joke in which Curly keeps ramming his head into the wall and, when asked why, replies, "Because it feels so good when I stop."

More from Krugman at the New York Times:

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