Britney Spears & Paul Krugman
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PAUL KRUGMAN FOR “BANK GUY”
I’m not often in agreement with Paul Krugman, the econo-columnist for the NYT mothership. Especially when he pontificates outside the field where he holds his laureate, he can sound like an erudite Britney Spears, holding forth on ‘world peace, you know’.
But that was yesterday. Today he was spot on.
Here’s the pull quote:
[M]y sense is that policy makers are still mainly about rearranging the boxes on the bank supervisory chart. They’re not at all ready to do what needs to be done – which is to make banking boring again.” LINK: http://www.nytimes.com/2009/04/10/opinion/10krugman.html?_r=1&ref=todayspaper .
New York Times, Section A, page 23, Friday, April 10, 2009.
Kudos and amen to that....
LINKS to my own position(s) in reverse chronological order:
Recession Buster, the Nuclear Option: http://jaygaskill.com/RecessionBusterTheNuclearOption.htm
The Great Leap Backward: http://www.jaygaskill.com/blog3/
Recovery, a Spelunker’s Guide: http://jaygaskill.com/GUIDEtoRECOVERY.htm
Digging a Deeper Hole: http://jaygaskill.com/Recovery09.htm
The False Bottomed Boat: http://jaygaskill.com/FalseBottomedBoat.htm
Finding the Bottom: http://jaygaskill.com/blog3/2009/02/finding_the_bottom.html