Muggs archive

▼

Friday, December 2, 2011

Must read: Deficit weenies are marching the world into a swamp

Paul Krugman -- yeah, the Nobel-laureate economist that isn't as good an economist as any given Republican, apparently -- has a new op-ed in the NYT on how Europe is bravely marching the wrong way on its debt crisis, and likely taking us with it. As has happened so often in the past, I fear we'll be looking back on this as prophecy in a few years.
at

2 comments:

  1. Mia ConnollyDecember 2, 2011 at 7:35 PM

    I get it for the most part, but gawd I hate economics. Add a bean here, take a bean there, and oops! Tip! It gets more complicated by the day and my brain goes AAAAAHHHHH when I'm trying to get it. It's the whole inflation/deflation/interest rate/value-of-the-dollar part... Thank you for posting this though!

    ReplyDelete
  2. Zig E.December 3, 2011 at 9:04 AM

    I remember when Paul warned against going to small with the stimulus plan. I think his concern was that if it was to small it wouldn't work, would just run up the debt, and then lead to what Japan called their lost decade. Seems like another example of not listening to those who know what their talking about and instead listening to politicians, particularly those on the right.
    But I agree with Mia - bean counting is a pleasure I just don't get.

    ReplyDelete

I encourage you to share your own views and experience with me and other readers. How you do that matters, and I'm committed to maintaining a place where readers and commenters can feel safe from adolescent BS. So here's the deal:

There are two kinds of anonymous comments: those by people who have a genuine fear of revenge from the dark side, and those from darksiders just hiding to avoid accountability. You may post comments anonymously, but I reserve the right to treat anonymous comments as found items that belong to me and do with them as I see fit.

If, on the other hand, you're willing to stand by your convictions and post under your own name or a regular handle, your comments belong to you, and I'll edit them only on egregious violations of respect for others.

If this doesn't work for you, I'm sure you'll be happier somewhere else.