I'm no finance economist, so in the last two weeks I've been left with reading what other experts have been writing, nodding my head "that sounds right," or shaking my head "that sounds wrong," without too much creative, original thought. I'll continue that tradition today and reference a good post by Paul Krugman - world renowned Princeton trade economist and regular New York Times colmunist.
My response to the bailout has been "yes - we need to put a stop to this cascade of bank failures" - but other than that I haven't really been able to comment intelligently. Krugman does a better job than that, so I'll let him enlighten you today.
My response to the bailout has been "yes - we need to put a stop to this cascade of bank failures" - but other than that I haven't really been able to comment intelligently. Krugman does a better job than that, so I'll let him enlighten you today.
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