#ActInTimeDEADLINETime left to limit global warming to 1.5°C 4YRS115DAYS07:12:29 LIFELINEWorld's energy from renewables14.778876215%Ambitious climate action could boost global 2040 GDP by 0.2% | Tanzania’s marine reserves offer long-term benefits to communities | Paris residents vote in favor of making 500 more streets pedestrian | Use of pesticides on UK farms to be cut by 10% by 2030 to protect bees | New forest to be created in England, with 20m trees planted by 2050 | Affordable e-bikes are transforming delivery work for Latin American migrants | California & Sonora sign agreement to boost clean energy & climate collaboration | UK to invest $260 million on solar panels for schools and hospitals | Green power to give 570 million energy access in Africa | UN hails rare success story as emissions from construction stop rising | Ambitious climate action could boost global 2040 GDP by 0.2% | Tanzania’s marine reserves offer long-term benefits to communities | Paris residents vote in favor of making 500 more streets pedestrian | Use of pesticides on UK farms to be cut by 10% by 2030 to protect bees | New forest to be created in England, with 20m trees planted by 2050 | Affordable e-bikes are transforming delivery work for Latin American migrants | California & Sonora sign agreement to boost clean energy & climate collaboration | UK to invest $260 million on solar panels for schools and hospitals | Green power to give 570 million energy access in Africa | UN hails rare success story as emissions from construction stop rising |

Nov 24, 2012

The Krugman

I don't like feeling I'm becoming kinda captured by a slanted narrative (just sayin' that one straight out), but I'll try to contain my discomfort (for a while anyway) because Paul Krugman seems always to be trying to talk some sense into us.

And he keeps coming up with real info about real events that we need to weigh against all the fantastic predictions of doom coming from the Austerity Freaks.
But what about the brief but nasty slump in 1927? That wasn’t caused by spiking interest rates; it was, instead, caused by fiscal austerity, by the measures taken to stabilize the franc.
So even when we look at the closest thing I can find to the scenario the deficit scolds want us to fear, it doesn’t play out at all as described.
It’s quite remarkable: our policy discourse remains largely dominated by fears of an event that the fear-mongers can’t explain in theory, and for which they can offer no historical examples in practice.
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