Krugman: This Depression Will Linger
source: http://www.nytimes.com/2010/06/28/opinion/28krugman.html?src=me&ref=general
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- Progresshiv
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futuregen
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Excerpt:
"It is, instead, the victory of an orthodoxy that has little to do with rational analysis, whose main tenet is that imposing suffering on other people is how you show leadership in tough times.
And who will pay the price for this triumph of orthodoxy? The answer is, tens of millions of unemployed workers, many of whom will go jobless for years, and some of whom will never work again."
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All the money goes to war instead of to the people. The following is a post by Stoneyroad.http://current.com/news/92514491_we-spend-1-billion-year-fighting-each-al-qaeda-...
We Spend $1 Billion/year Fighting each Al Qaeda Member in Afghanistan
- 1 year ago
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futuregen
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futuregen
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http://www.huffingtonpost.com/2010/06/28/paul-krugman-why-we-could_n_627452.html
Why we could be entering a third depression.
- 1 year ago
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futuregen
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Progresshiv
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futuregen:
I think it's already here. Thanks for the great comment.
- 1 year ago
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Progresshiv
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neocongo
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Nice to see Krugman on Current. Classes the place up a bit. His recent columns have repeatedly warned against focusing on the deficit, and encouraged focusing on the economy and jobs so we don't face a 10 or more years long Japanese style, deflationary depression. But what does an Ivy League, dual doctorate, Nobel prize winning professor know? Let's listen to the tea baggers and libertarians.
- 1 year ago
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neocongo
