  Lilpup Member Username: Lilpup Post Number: 5363 Registered: 06-2004 |
just not as eloquently (aka It's the trade deficit, dummies!) http://www.nytimes.com/2009/03 /02/opinion/02krugman.html?_r= 1 | ||
Sstashmoo Member Username: Sstashmoo Post Number: 3375 Registered: 02-2007 |
Quote: ""American bankers, empowered by a quarter-century of deregulatory zeal, led the world in finding sophisticated ways to enrich themselves by hiding risk and fooling investors."" Thank you Mr Krugman. Quote: ""For a while, the inrush of capital created the illusion of wealth in these countries, just as it did for American homeowners:"" And the majority of that "Capital" that was distributed all over the world came from where? Ultimately, the US taxpayers. This will go down as the biggest scam in the history of the world. We got did.. | ||
Firstandten Member Username: Firstandten Post Number: 739 Registered: 05-2006 |
Read Krugman if you are trying to make sense of this economy. He breaks it down real nice. Plus he an accomplished economist so he knows what he's talking about. | ||
Jiminnm Member Username: Jiminnm Post Number: 1756 Registered: 02-2005 |
Krugman is not all that widely respected in the economist community, except for his work related to international trade. He has been accused by many of producing economic opinions in other areas that support his political beliefs. | ||
Ccbatson Member Username: Ccbatson Post Number: 19126 Registered: 11-2006 |
Problem is, that is a falsehood. Deregulation is not the problem. Quite the contrary, bloated goverment IN business, instead of being a neutral arbiter of justice is the root cause. |
