From his New York Times blog, 'The Conscience of a Liberal', this month.
"I haven’t weighed in on the Survey of Consumer Finances, which shows a sharp decline in net worth and real income between 2007 and 2010. I guess the basic response should be “Well, duh” — that’s what happens when you have a massive housing bust and a severe economic slump." (June 15, 2012)
Krugman in 2002:
"To fight this recession the Fed needs…soaring household spending to offset moribund business investment. [So] Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." (2002)
Not a one off:
Economic policy should encourage other spending to offset the temporary slump in business investment. Low interest rates, which promote spending on housing and other durable goods, are the main answer." (July 2001)
It seems listening to the 'conscience of liberals' will give you the inside track on the next round of predictable economic devastation and presumably help you profit from the immiseration it causes others.
"I haven’t weighed in on the Survey of Consumer Finances, which shows a sharp decline in net worth and real income between 2007 and 2010. I guess the basic response should be “Well, duh” — that’s what happens when you have a massive housing bust and a severe economic slump." (June 15, 2012)
Krugman in 2002:
"To fight this recession the Fed needs…soaring household spending to offset moribund business investment. [So] Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." (2002)
Not a one off:
Economic policy should encourage other spending to offset the temporary slump in business investment. Low interest rates, which promote spending on housing and other durable goods, are the main answer." (July 2001)
It seems listening to the 'conscience of liberals' will give you the inside track on the next round of predictable economic devastation and presumably help you profit from the immiseration it causes others.
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