Today's NYT op-ed by one of the world's most distinguished economists covers our economic dilemma from the perspective of Japan's parallel example starting in 1989. It's a worthwhile distillation of how policy choices affect a bust economy, lessons worth learning. It's also a stark warning that our votes this November will set direction for the near term, and that direction could be very much downward.
Friday, September 10, 2010
Krugman: Things could be worse
Today's NYT op-ed by one of the world's most distinguished economists covers our economic dilemma from the perspective of Japan's parallel example starting in 1989. It's a worthwhile distillation of how policy choices affect a bust economy, lessons worth learning. It's also a stark warning that our votes this November will set direction for the near term, and that direction could be very much downward.
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