News flash for joe - the US isn't Europe - not yet anyway - and the basket-case socialist states have nothing of value to teach the US about how to build vibrant, growing private economies and strong fiscal systems.He (Ken Rogoff) seriously undermines himself right away with the dubious claim that austerity is not hurting Europe. Not even former austerity fanatics such as Olli Rehn -- who once approvingly quoted Rogoff in pushing austerity -- believe this any more. As the Financial Times' Martin Wolf argues convincingly, with many brightly colored charts, austerity brought the eurozone's recovery from the financial crisis of 2008 to a screeching halt.
Confronted with evidence of the damage austerity has done throughout Europe, including devastating harm to people's health, Rehn and other austerians have recently loosened some of the fetters they had placed on Greece and other countries in exchange for bailout money.
Only a fool (e.g.,HuffPo readers) would point to Europe as providing any kind of economic or fiscal wisdom for the US to pay ANY attention to - especially when it's the US and Bernanke who's propping them up.
Greece, indeed ... what a joke. They're facing austerity only and precisely because of 50 years of slacker joe-economics of State dependency.