by David Safier
Paul Krugman writes this morning about Ireland's recent riches-to-rags story. Not too long ago, Ireland was a shining star in the European financial world. Now, not so much. Krugman is worried we could go down the same road.
Here's the passage that jumped out at me:
Freedom from regulation. It can be a great ride, for some, as long as it lasts.
As much as I respect and listen to Krugman, I hope he's wrong that Obama is taking the wrong road toward economic recovery. I've read lots of debate among progressive economists, and I'm not knowledgeable enough to know whose analysis to believe. Unfortunately, it's hard to discount Krugman.