The French Government Has Collapsed, And It's Partly Paul Krugman's Fault (businessinsider.com)

[eppur_se_muova]

Rob Wile
Aug. 25, 2014, 8:23 AM

On Monday morning, the French government collapsed. All the ministers have resigned, and President Francois Hollande will have to appoint new ones.

Paul Krugman deserves some of the blame.

The incident that immediately precipitated the resignation of French Prime Minister Manuel Valls' cabinet was an interview given by Arnaud Montebourg, France's economics minister to LeMonde, in which he protested his government's ongoing austerity policies.

As evidence of that policy's failure, Montebourg cited the former Princeton professor and New York Times columnist.

Here's the exchange:
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more: http://www.businessinsider.com/paul-krugman-cited-french-economic-minister-in-case-against-austerity-2014-8#ixzz3BRhzInPg





Remember, if you're going to state facts, you're responsible for the consequences of those facts being true.

[Erich Bloodaxe BSN]

1. Meh.

When I see the Business Insider 'blaming' someone, I generally suspect they should be applauded.

[Vincardog]

2. Good, anyone preaching austerity as a cure for an economic slowdown should

be immediately removed from office and forbidden to ever hold an elected office again.

[Warpy]

3. I'm glad Krugman has gotten through to anyone in power anywhere

Austerity at the bottom has never worked, is not working, will never work. It's only a way to allow obscenely rich men keep everything they have stolen from labor.