Monday, July 2, 2012

It's Not Often You Beat A Nobel Prize Winner to the Punch

Yesterday, Professor Krugman had a post up on his blog on the Baltic economies where he noted that their GDP and unemployment rates were, shall we say, less than the stellar performance promoted by the fans of austerity.

I made the same observations a few weeks ago, where I noted that the US economy -- where we engaged in stimulus spending -- was actually performing far better than the Baltics. 

This is probably the only time in my life where I'll publish an observation before a Noble Price winner, so I'll take the credit.