Paul Krugman’s detailed explanation why harsh austerity in depressed economies isn’t necessary, and does major damage when it is imposed.

From Weekly Filet #206, in May 2015.

The austerity delusion

The austerity delusion

💔 Some older links might be broken — that's the state of the web, sadly. If you find one, ping me.

You might also like

Post-Scarcity Economics by Tom Streithorst

Post-Scarcity Economics by Tom Streithorst

L.A. Review of Books

Charles Darwin, Economist

The American Interest

Why I am leaving the best job I ever had

Understanding the Rise of Bitcoin

Explore more →

Explore collections

Making Sense of the Climate Crisis 41 links Making Sense of Artificial Intelligence 40 links All-time favourites 20 links The Stuff Our Modern World Runs On 13 links The Art of Thinking (Differently) 29 links Bingeworthy Podcasts & Episodes 36 links Stories, too good to put down 16 links

Book recommendations

2025 Book Club Books curious minds wished they discovered sooner Our most popular crowd-curated book recommendations thus far. Read the post →

Book Club illustration

Weekly Filet Book Club All recommendations from previous editions, at a glance. Find your next read → 📚 David's Bookshelf The books that shaped how I see the world and inform how I think and act. Browse the bookshelf →