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 amazing, MUST READ post from Nobel Prize winning, liberal, economist Paul Krugman, writing in his op-ed blog at the NYT. Check this out!

via Yellen/Summers and the Twilight of the VSPs – NYTimes.com.

As well as Krugman’s blog, take a good look at the comments beneath it, for an insight into views on contemporary US politics.

I’m not a great fan of UK Chancellor George Osborne but he handled the transition to Mark Carney at the Bank of England professionally and decisively. Meanwhile, as I hinted yesterday, the transition of the top job at the Fed could well spook the markets, with a big sell-off.

Any thoughts?

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