Stiglitz, Minsky, and Obama – Paul Krugman – NYTimes.com

Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Royal Swedish Academy of Sciences in Stockholm (Photo credit: Wikipedia)

Cropped picture of Joseph Stiglitz, U.S. econo...

Cropped picture of Joseph Stiglitz, U.S. economist. (Photo credit: Wikipedia)

Official photographic portrait of US President...

Official photographic portrait of US President Barack Obama (born 4 August 1961; assumed office 20 January 2009) (Photo credit: Wikipedia)

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This is an excellent MUST READ article from Nobel Prize winning, liberal, economist Paul Krugman. Check it out!

via Stiglitz, Minsky, and Obama – NYTimes.com.

I have already commented upon President Obama’s speech. I’m not the greatest Obama fan but I was impressed. Sadly, I could never imagine such a speech from David Cameron nor Angela Merkel.

At least, there’s some economic realism in the US. Why are European leaders so far behind the curve?

Any thoughts?

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