Spain’s Other Depression

Paul Krugman has a new post comparing Spain and Florida. He notes (correctly in my view) that one reason Florida has recovered more rapidly is that they are part of a fiscal union. However we should not lose sight of the fact that the supply-side also matters, even in depressions. Here’s the Spanish unemployment rate [...] View the full post at: Spain’s Other Depression Related posts: Jim Cramer Calls the End of the Depression Euro Area Unemployment Rate at 9.2%, OECD Shall We Call it a Depression Now?