Weekend Reading

Quote of the Week: As commercials for Fram oil filters used to say, “You can pay me now or pay me later.” In our case today, “pay me later” is a perpetuation of weak banks, substandard growth, persistent unemployment and stymied productivity. Better to do takeunders of banks now than to hire an undertaker for [...]

Krugman Comes Clean?

Unfortunately, no. Not Krugman. In his latest, titled “The Worst Economist in the World” which I read, thinking he finally admitted to it, he says: “So, how hard is this? Higher commodity prices will hurt the recovery only if they rise in real terms. And they’ll only rise in real terms if QE succeeds in [...]