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Krugman in Wonderland One of the favorite lines from American Progressives that is used whenever someone speaks of something good that occurred in the past is: “You want to turn back the clock.” To get a sense of how often the phrase is used in just the New York Times, I did a Google search on [...] Krugman-in-Wonderland Paul Krugman is in Spain this week, most likely telling the Spaniards what they want to hear: The European Central Bank can end the country’s unemployment miseries painlessly by buying near-unlimited amounts of Spain’s government bonds and then floating massive amounts of new euros around the world. Yes, for the umpteenth time, Krugman insists that if [...] Krugman-in-Wonderland Paul Krugman apparently sees the problems in the economy as a vast Republican Conspiracy to deprive Americans of economic prosperity. According to Krugman’s view of the world, if we want real prosperity, we have to raise taxes, borrow more money, put more public employees on the payroll, and bail [...] |
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