Friday, February 13, 2009

Paul Krugman - Failure to Rise

Paul Krugman on the bailout so far --

And I don’t know about you, but I’ve got a sick feeling in the pit of my stomach — a feeling that America just isn’t rising to the greatest economic challenge in 70 years. The best may not lack all conviction, but they seem alarmingly willing to settle for half-measures. And the worst are, as ever, full of passionate intensity, oblivious to the grotesque failure of their doctrine in practice.

Krugman gave the clearest early predictions of the mess we're in and is a useful voice now.

Paul Krugman, "Failure to Rise," New York Times, 13 February 2009.

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