Thursday, May 12, 2011

Reformed Krugman, or Confused Sopitalist?

Excerpt from NY Times article "The Unwisdom Of Elites" Paul Krugman writes:

"Finally, the Great Recession was brought on by a runaway financial sector, empowered by reckless deregulation. And who was responsible for that deregulation? Powerful people in Washington with close ties to the financial industry, that’s who. Let me give a particular shout-out to Alan Greenspan, who played a crucial role both in financial deregulation and in the passage of the Bush tax cuts — and who is now, of course, among those hectoring us about the deficit."

Blogger benny said...

Dear Reader
First, Yes, what the heck, this if first! Krugman talks about ELITE!
Of course, he does not think he belongs to it(:-. He does not acknowledge that his policy advice of "Court Yard" Economics, of Printing unlimited money, to allow ELITES to do things he, now, deplores, have anything to do with the mess we are in. Nevertheless he does mention Dr. Greenshades(:- . What the heck, I know the world is crazy, but when Krugman stands on the side of the ordinary men, I know world is finally INSANE!

6 comments:

boris said...

Dear Reader
First, Yes, what the heck, this if first! Krugman talks about ELITE!
Of course, he does not think he belongs to it(:-.
He does not acknowledge that his policy advice of "Court Yard" Economics, of Printing unlimited money, to allow ELITES to do things he, now, deplores, have nothing to do with the mess we are in.

What the heck, I know the world is crazy, but when Krugman stands on the side of the ordinary men, I know world is finally INSANE!

john said...

Boris

People should just see George Carlin-- he explains Krugman

boris said...

Dear John,
Yes, that is why
I have Dear Carlin here(:-
Thanks for great remark
Dearest JOhn

Phil said...

George once said that "when you are born into this world you are given a ticket to the insane asylum and when you are born in the United States you are given a front row seat".
Blessings to you Boris.
Phil Stewart

boris said...

Very Good Dear
Phil.

Indeed, the guy understood the world
around him

Good Trading Very Dear Friend

john said...

Sometimes you go to the circus, sometimes the circus comes to you