The global credit system is in a state of paralysis
What to Do
Paul Krugman, New York Review of Books: "What the world needs right now is a rescue operation. The global credit system is in a state of paralysis, and a global slump is building momentum as I write this. Reform of the weaknesses that made this crisis possible is essential, but it can wait a little while. First, we need to deal with the clear and present danger. To do this, policymakers around the world need to do two things: get credit flowing again and prop up spending."
http://www.truthout.org/113008Y
--------
Deficits and the Future
PAUL KRUGMAN
nytimes.com — The deficit worriers have it all wrong. Under current conditions, there's no trade-off between what's good in the short run and what's good for the long run; strong fiscal expansion would actually enhance the economy's long-run prospects. Fiscal expansion will be even better for America's future if a large part of the expansion takes the form of public investment — of building roads, repairing bridges and developing new technologies, all of which make the nation richer in the long run.
http://ga3.org/ct/Qd20pgF1-4UD/
http://freepage.twoday.net/search?q=credit+system
http://freepage.twoday.net/search?q=Paul+Krugman
Paul Krugman, New York Review of Books: "What the world needs right now is a rescue operation. The global credit system is in a state of paralysis, and a global slump is building momentum as I write this. Reform of the weaknesses that made this crisis possible is essential, but it can wait a little while. First, we need to deal with the clear and present danger. To do this, policymakers around the world need to do two things: get credit flowing again and prop up spending."
http://www.truthout.org/113008Y
--------
Deficits and the Future
PAUL KRUGMAN
nytimes.com — The deficit worriers have it all wrong. Under current conditions, there's no trade-off between what's good in the short run and what's good for the long run; strong fiscal expansion would actually enhance the economy's long-run prospects. Fiscal expansion will be even better for America's future if a large part of the expansion takes the form of public investment — of building roads, repairing bridges and developing new technologies, all of which make the nation richer in the long run.
http://ga3.org/ct/Qd20pgF1-4UD/
http://freepage.twoday.net/search?q=credit+system
http://freepage.twoday.net/search?q=Paul+Krugman
rudkla - 30. Nov, 22:00
