Tuesday, May 08, 2012
Austerity Lives on in Our Minds and Hearts...
...but in the numbers? Paul Krugman is thrilled that the voters of France and Greece are fighting back against "austerity." While he has plenty of words to work with, he says not a one about actual government spending figures.
Here's an OECD chart, most recent figures available as near as I can tell (if the austerity-ites have more recent ones, it would be good to use them in these discussions) which expresses European (and other) government spending in U.S. dollars (for us U.S.-bound fools), in current prices and purchasing power parity.