 Wisco says: Look for the right to really hate this. It gives you an idea of just how devalued unregulated markets and supply-side economics has become. It's too bad it took a market-failure to finally kill it off. Krugman has been telling it like it is for a very long time now. Congratulations to Paul Krugman! In his latest book, "The Conscience of a Liberal," Krugman argues for "a new New Deal" by reducing inequality in the United States and expanding the social safety net first created through programmes initiated under Franklin D. Roosevelt in the 1930s. Death to Reaganomics! Krugman spent a year working at the Reagan White House as a staff member of the Council of Economic Advisers. When Bill Clinton came into office in 1993, he considered Krugman for a leading post; Krugman was flown out for a meeting in Arkansas. Krugman's outspokenness was reported to be "the main reason the Clinton administration didn't offer him a job." Krugman says he would not have been interested in such a job; he told Newsweek, "I'm temperamentally unsuited for that kind of role. You have to be very good at people skills, biting your tongue when people say silly things. In his New York Times blog, Krugman repeated that statement, saying that he was "temperamentally unsuited to politics"... |
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