On Thursday Jean-Claude Trichet, the president of the European Central Bank or E.C.B. – Europe’s equivalent to Ben Bernanke – lost his sang-froid. In response to a question about whether the E.C.B. is becoming a ‘bad bank
Tuesday, September 13th, 2011
An Impeccable Disaster
Author: PAUL KRUGMAN
Source: The New York Times
Publication Date: 11-Sep-11
Link: An Impeccable Disaster
Source: The New York Times
Publication Date: 11-Sep-11
Link: An Impeccable Disaster
Stephan: So far Paul Krugman and Joseph Stiglitz have been the most insightful economists analysing trends describing what is going on in the U.S. and world economies. Sadly, their wisdom has not pierced the Randian ideology, and the obsession with debt has prevailed. Because of that we may yet go back into recession.
