Saturday, July 21, 2012

Austerity Works -- Just ask Estonia!


Tallinn, Estonia

If you still believe that Paul Krugman is an economic genius who deserved his Nobel prize then you may have missed this article...

http://www.businessweek.com/articles/2012-07-19/krugmenistan-vs-dot-estonia

Estonia's GDP grew by 7.5% last year and their debt is much lower than most European countries.  Sounds pretty good compared to the USA, where GDP growth was 1.7% in 2011 and our debt has soared. Great lessons from the Baltic Republicans!


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