Kill the zombie banks!
Politicians around the world are still propping up dying financial institutions -- and it's hurting us all
Friday, Nov 25, 2011 10:00 PM UTC 19Life Economics, U.S. Economy
Yalman Onaran
Life Economics, U.S. Economy
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Paul Krugman’s right: Austerity kills. "In an economy where we’re all in the same boat, one person’s spending is another person’s income. So when the government cuts spending, it reduces people’s income, leading to less business, more unemployment, and a vicious spiral of slowing down the economy."
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236 points237 points238 points | 205 comments
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