Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Monday, June 7, 2010

Quote of the day

So wise policy, as defined by the G20 and like-minded others, consists of destroying economic recovery in order to satisfy hypothetical irrational demands from the markets — demands that economies suffer pointless pain to show their determination, demands that markets aren’t actually making, but which serious people, in their wisdom, believe that the markets will make one of these days.


From the always wise and mostly right Paul Krugman.

Everyone thinks the right approach to solve a demand crisis is to emulate Herbert Hoover.

Wow.  We are SO screwed.


BadTux said...

Great minds seem to be thinking alike today. Sadly, great minds and minds who are our leaders are disjoint sets :(. You're right, WASF...

- Badtux the Bending-over Penguin

Sallie (FullTime-Life) said...

Yup. I agree. Just letting you know I'm out there.