Posted by Bob Lord
I really feel for Paul Krugman. He’s brilliant, and has precious few peers as an economist. He knows that what’s coming out of Washington, from both Democrats and Republicans, is crazy talk. Ditto for what’s coming out of Europe. So he tries, repeatedly, to use his op-ed column to move policy in a sane direction. Here’s his latest attempt, well worth the read:
http://www.nytimes.com/2012/01/02/opinion/krugman-nobody-understands-debt.html?_r=1
He’s 100% right, of course, like he has been in perhaps fifty prior columns. But he’s a voice in the wilderness, and he undoubtedly knows it. Nonetheless, he soldiers on, hoping that somehow, if the argument is made in a different way, it will be heard.
Oh well. Hope springs eternal, I guess.