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...

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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