Krugman is a statist. The truth is that GDP per capita growth has been much slower in Europe than in the US since 2008 — except in a few countries that adopted a more free-market approach, such as Poland, Switzerland, or Ireland.
rbanffy•53m ago
> GDP per capita growth has been much slower in Europe than in the US
GDP per capita is a crude indicator that doesn’t capture the distribution of the GDP among the population.
Findeton•1h ago
rbanffy•53m ago
GDP per capita is a crude indicator that doesn’t capture the distribution of the GDP among the population.