Saturday, February 9, 2013

Krugman Piece to File Away

This guy just can't resist:

"Realistically, we’re not going to resolve our long-run fiscal issues any time soon, which is O.K. — not ideal, but nothing terrible will happen if we don’t fix everything this year. Meanwhile, we face the imminent threat of severe economic damage from short-term spending cuts.

So we should avoid that damage by kicking the can down the road. It’s the responsible thing to do."
That is going to sound as brilliant as when he said that "Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble" in 2002.

Be sure to watch the 1931 short film that anticipates Krugman.

1 comment:

Anonymous said...

That is quite unbelievable. I'm amazed he won a Nobel prize.