JW Mason has another take on Krugman's column.

http://slackwire.blogspot.com/2012/06/pain-is-agenda-method-in-ecbs-madness.html

"It's a tenet of liberalism -- and a premise of the conversation Krugman 
is part of -- that there are conflicting opinions, but not conflicting 
interests."

"... what Krugman presents as a vague, speculative story about the ECB's 
motives -- that they want to hold politicians' feet to the fire -- is, 
on the contrary, exactly what they say they are doing."


On 6/11/2012 9:34 AM, Jim Devine wrote:
> "Whatever the deep roots of this paralysis, it’s becoming increasingly
> clear that it will take utter catastrophe to get any real policy
> action that goes beyond bank bailouts. But don’t despair: at the rate
> things are going, especially in Europe, utter catastrophe may be just
> around the corner. " -- Paul Krugman
>

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