Monthly Archives: May 2012
Rajan Fails Again
Raghuram Rajan tries to explain that “Sensible Keynesians see no easy way out.” Who is his audience? The Keynesians? If so, why would an anti-Keynesian tell Keynesians what they think? And if so, shouldn’t he present a poll of Keynesians … Continue reading
Trichet: Invade Greece
So nice to hear it received a “warm reception”… I have trouble imagining how Euro leaders would excuse the elected leaders and enforce tax increases on the people of a “bankrupt” nation. Surely the people would just open their wallets, … Continue reading
The new ruins of Greece
European Central Bank Executive Board member Lorenzo Bini Smaghi confused Greece’s problem with a liquidity crisis when he rejected any real solutions. Greece “must convince its citizens to pay taxes” and “retire at age 65 as everyone else does in the … Continue reading
Another Republican Shows Us They Don’t Have A Clue What They’re Talking About
Paul Krugman writes about yet another ostensibly “serious” Republican trying to say something intelligent about economics and policy. Tom Coburn ought to look at this graph showing that over the time period Sweden has allegedly been so responsible and their … Continue reading
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