
As Spain and Greece Burn, Estonia Offers a Lesson
A fire bomb explodes behind a riot police squad on September 26 in Athens, Greece, during clashes with demonstrators. (Photo: AFP) Over the past few days, new strikes and riots have convulsed Greece and Spain. Conventional wisdom (including from economist Paul Krugman) suggests that cuts in government spending—often described as “austerity”—are a primary cause of […]