I don't understand all of this negativity about Krugman. I read him quite
regularly and find that he has interesting and thought provoking things to say.
Essentially, he's a Keynesian and though Keynes is a little dated now, he
still offers some solutions. However, the economy would likely have to be
reset considerably to apply those solutions.
The resetting process would have to find a strong reason for spending. Central
bankers have seen to it that there is plenty of money at hand and interest
rates are as flat as they can be. Still nothing is happening. Neither the
private sector nor the public sector are inclined to do very much. Perhaps we
need a war? The huge amounts of spending required to fight WWII and then
rebuild brought about very good economic times for two or three decades
thereafter. Many, including, Krugman, have argued that a way to end the
current malaise is to rebuild crumbling public infrastructure, but that isn't
about to happen.
The problem is that our governments are now into austerity and sequestration --
into cutting back or shutting down spending. Thinkers like Krugman are urging
an opening up, doing useful things and putting people back to work. I see a
lot of merit in that.
Ed
________________________________
From: Keith Hudson <[email protected]>
To: "RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUATION"
<[email protected]>; [email protected]
Sent: Tuesday, April 30, 2013 6:46:28 AM
Subject: Re: [Futurework] Capitalism is killing our morals, our future -
MarketWatch
At 06:01 30/04/2013, you wrote:
------->
>(MS) Afterthought: Maybe Krugman is more like Tiresias than Cassandra.
Though he doesn't have to transform into female form. It's said that Mrs.
Krugman is the instigator of his op-eds.
Keith
me> Arthur wrote:
me>
me>> I don't perceive professor Krugman as a whiner but more as a
me>> Cassandra.
me>
me> That's my perception, too.
REH> Actually REH wrote that.
Ummmmm.... Lemme see here...Ooop, right. Sorry.
So I missed Arthur's squib, too, which was to follow your
above-misattributed remark with:
Arthur> Yes someone who can't get enough of the spotlight.
So Krugman is a sort of prima donna? Hogging the spotlight, upstaging
the other figures in the drama? Well, I dunno. If he just put out
stuff equitably reasoned in the highly qualified propositions and
tentative hypotheses of an academic paper on economics, most people,
even readers of the NYT, would never wade through it.
At least he writes readable prose, readable enough to merit
criticism. Better than extemporaneous rants posted to U-tube.
Afterthought: Maybe Krugman is more like Tiresias than Cassandra.
- Mike
--
Michael Spencer Nova Scotia, Canada .~.
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