Monday, July 11, 2011

Debating the Economy

Paul Krugman on the economic debate:

Yet a destructive passivity has overtaken our discourse. . . . The truth is that creating jobs in a depressed economy is something government could and should be doing. Yes, there are huge political obstacles to action — notably, the fact that the House is controlled by a party that benefits from the economy’s weakness. But political gridlock should not be conflated with economic reality.

Paul Krugman, "No, We Can't? Or Won't?" New York Times, 11 July 2011.

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