Gavin Kostick, Paul Krugman, and Jean Claude Trichet

Commenter Gavin Kostick has done impressive work on our behalf following up with Paul Krugman and Jean Claude Trichet on the austerity debate.   The fruits of his efforts are contained on the Paul Krugman: When Austerity Fails thread, but many readers will probably have missed them on this fast moving blog.

The reply from the ECB and links provided by Paul Krugman are reproduced after the break.   Thanks Gavin.  (I also take back my dig from yesterday about the ECB’s poor communications.)