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briandmyers  ·  3728 days ago  ·  link  ·    ·  parent  ·  post: Paul Krugman: The Libertarian Fantasy

Brutal is a harsh term; maybe accurate, but I'm not so sure.

NZ farmers not only recuperated, they have gone on to positively thrive. Here's a Libertarian take on the whole thing (which I am no expert on, by the way) :

http://www.cato.org/publications/free-trade-bulletin/miracle-down-under-how-new-zealand-farmers-prosper-without