Paul Krugman: Crisis of the Eurocrats: “The bitter irony here is that Europe’s elite… …isn’t actually technocratic. The creation of the euro was about politics and ideology, not a response to careful economic analysis…. The same can be said of the turn to austerity: All the economic research supposedly justifying that turn has been discredited, … Continue reading Afternoon Must-Read: Paul Krugman: Crisis of the Eurocrats