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REAL WORLD EVENT DISCUSSIONS
Paul Krugman in the UK and kicking up a storm
Thursday, May 31, 2012 8:41 AM
"Love is natural and real. But not for you my love. Not tonight my love..."
Thursday, May 31, 2012 9:38 AM
... fully loaded, safety off...
Saturday, June 02, 2012 8:57 AM
Quote:Love to see him get riled up too :)
Wednesday, June 06, 2012 3:44 PM
Quote:As I said, for all practical purposes this is already a Republican economy.
As an aside, I think it’s worth pointing out that although the economy’s performance has been disappointing, to say the least, none of the disasters Republicans predicted have come to pass. Remember all those assertions that budget deficits would lead to soaring interest rates? Well, U.S. borrowing costs have just hit a record low. And remember those dire warnings about inflation and the “debasement” of the dollar? Well, inflation remains low, and the dollar has been stronger than it was in the Bush years.
Put it this way: Republicans have been warning that we were about to turn into Greece because President Obama was doing too much to boost the economy; Keynesian economists like myself warned that we were, on the contrary, at risk of turning into Japan because he was doing too little. And Japanification it is, except with a level of misery the Japanese never had to endure.
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