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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (72469)6/16/2009 7:53:17 PM
From: TimF  Read Replies (1) | Respond to of 90947
 
Things I'm Glad I Never Said
Arnold Kling

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.

Thanks to a this comment for the pointer.

Prophetic. You have to give him that.

econlog.econlib.org


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