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July 09, 2013

Teh Krugman just used the dreaded D-word, albeit with only a lower case "d"

Yea, of course he's still pimping spend, spend, spend pretty hard, but there's a modestly different tone now, a slight shift in ambient lighting scheme to something darker and more foreboding, allowing for the slight possibility that the usual quick fixes maybe won't do it.

...Full recovery still looks a very long way off. And Iím beginning to worry that it may never happen...
... If unemployment rises from 6 to 7 percent during an election year, the incumbent will probably lose. But if it stays flat at 8 percent through the incumbentís whole term, he or she will probably be returned to power. And this means that thereís remarkably little political pressure to end our continuing, if low-grade, depression...

If you read nothing else, the slug is pretty devastating :

Defining Prosperity Down

Embrace the suck.


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posted by Purp at 12:29 AM

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