Things I'm Glad I Never Said | Arnold Kling | EconLogOuch.
Paul Krugman, writing in August of 2002:"To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."
16 June 2009
Can we all finally agree not to take Paul Krugman seriously anymore?
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