Wow, for once you post an *easy* question, blam.
The “Austerians” are right.
Remember... the question isn’t “who is more effective in the short term”, but rather “who is RIGHT”. And I’m taking “right” in the sense of “righteous”.
You know... moral hazard and all that.
The Nobel Panel does not give prizes to capitalists.
I go with Greenspan who seems to have convinced the EUrotopians that their socialist experiment has failed.
yitbos