Fear of Froth – 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 Swedish Academy of Science in Stockholm (Photo credit: Wikipedia)

This is an excellent, MUST READ article from Nobel Prize winning, liberal, economist, Paul Krugman, writing in his op-ed blog, in the NYT. Check it out!

Fear of Froth – NYTimes.com.

Let me cite Krugman’s conclusion:

The bad news from that Times interview is that it suggests that the president is still listening to the people who were telling him, four years ago, to be afraid of surging rates unless we turned to fiscal austerity. Not good.

It seems to me that the shadowy austerians are still very much in power in Washington, and for that matter, London and Berlin.

Any thoughts?


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