Battleground Ireland : The proxy war
US neo-Keynesians and the ‘Austerians‘ are slugging it out over the Irish approach to managing the crisis. At stake, the future of US and perhaps global economic policy. First up the Keynesian New York Times :- In Ireland, a Picture of the High Cost of Austerity Rather than being rewarded for its actions, though, Ireland is being penalized. Its downturn has certainly been sharper than if the government had spent more to keep people working. Lacking stimulus money, the Irish …