d papagiannopoulos
notes-to-self
Tuesday, November 12, 2013
Paul Krugman "Europe’s Macro Muddle (Wonkish)"
So when Germany asks why other countries can’t do what it did, it isn’t just forgetting that we can’t all run trade surpluses; it’s also insisting that other countries replicate its success while denying them the kind of external environment that made its success possible.
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