Wednesday, December 28, 2011

Krugman on the depression

Paul Krugman states the issue succinctly (The Defeatism of Depression 12/27/2011):

There is nothing — nothing — in what we see suggesting that this current depression is more than a problem of inadequate demand. This could be turned around in months with the right policies. Our problem isn’t, ultimately, economic; it’s political, brought on by an elite that would rather cling to its prejudices than turn the nation around.
Tags: ,

| +Save/Share | |

Links to this post:

Create a Link




FEATURED QUOTE

"It is the logic of our times
No subject for immortal verse
That we who lived by honest dreams
Defend the bad against the worse."


-- Cecil Day-Lewis from Where Are The War Poets?


ABOUT US

  • What is the Blue Voice?
  • Bruce Miller
  • Fdtate
  • Marcia Ellen (on hiatus)
  • Marigolds2
  • Neil
  • Tankwoman
  • Wonky Muse

  • RECENT POSTS

  • 2011 retrospective: Occupy Wall Street and press c...
  • Ron Paul, the drug war and the rightwing mind-bend...
  • Ron Paul is still a FLAMING RIGHTWINGER!
  • Christmas Truce of 1914
  • The two-party system dilemma and inside/outside po...
  • US reporting on the eurozone crisis
  • 2012 Presidential election - the horse race
  • Hoping for Obama 2008, and for a pony
  • Papa Doc Paul and today's Republican Party
  • Art Pope, another wealthy political buccaneer give...

  • ARCHIVES




    RECENT COMMENTS

    [Tip: Point cursor to any comment to see title of post being discussed.]
    SEARCH THIS SITE
    Google
    www TBV

    BLUE'S NEWS





    ACT BLUE











    BLUE LINKS

    Environmental Links
    Gay/Lesbian Links
    News & Media Links
    Organization Links
    Political Links
    Religious Links
    Watchdog Links

    BLUE ROLL


    MISCELLANEOUS

    Atom/XML Feed
    Blogarama - Blog Directory
    Blogwise - blog directory

    Blogstreet
    Haloscan


    Blogger

    hits since 06-13-2005

    site design: wonky muse
    image: fpsoftlab.com