Michael Nuwer wrote:
> Nevertheless, Krugman seems to imply that a return to higher taxes and
> higher wages would be compatible with a return to economic prosperity.
> He is generally unwilling to explore the argument that prosperity in
> 1950s and 1960s owes itself to the hegemonic power of the United States,
> and so made higher taxes and higher wages possible. I'm not sure that
> that possibility exists today, which leaves Krugman's argument a bit
> hollow.

you're right, but his statement isn't a whopper as much as one version
of the hegemonic perspective.
-- 
Jim Devine /  "Segui il tuo corso, e lascia dir le genti." (Go your
own way and let people talk.) -- Karl, paraphrasing Dante.
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