Krugman: Structural Reform Leads to Rock Bottom Economics

Professor Paul Krugman, a columnist for the New York Times, discusses the impact of structural reforms, which often involve wage cuts, on job creation. He questions the effectiveness of reducing interest rates over six years and critiques the common belief that government spending harms job creation. Krugman also addresses the lack of desired inflation and the consequences of fiscal austerity.

What does Paul Krugman suggest about structural reform and its impact on jobs?

According to Krugman, what has been the result of cutting interest rates to rock bottom?

What is the general sentiment regarding government spending as mentioned in the text?

What does Krugman imply about the effectiveness of fiscal austerity?

What is the overarching question Krugman raises about the economic measures taken?