When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Thursday, May 26, 2011

Situation deeply abnormal

Paul Krugman writing in today's New York Times: “The economic situation remains deeply abnormal, with unprecedented long-term unemployment; why should monetary policy be normal? . . . .To return to a regular theme of mine: we’re living in a world in which Very Serious People keep inventing theories and justifications on the fly to justify policy orthodoxy in a highly unorthodox situation; meanwhile, those of us who rely on actual, coherent analysis based on standard economics are considered dangerous radicals.” Still Crazy After All These Months - NYTimes.com

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects