Krugman: The Timidity Trap

(Community Matters) I was once ridiculed at a dinner table for answering that Paul Krugman was the most influential, contemporary economist, and I stand by this answer. No worries, being ridiculed for my beliefs & opinions or underestimated is metaphorical viagra.

“powerful pain caucuses — influential groups fiercely opposed to any policy that might put the unemployed back to work. . . . now have truly impressive track records of being always wrong, never in doubt.”

You might ask why the good guys have been so timid, the bad guys so self-confident. I suspect that the answer has a lot to do with class interests. But that will have to be a subject for another column.

Krugman’s column: The Timidity Trap

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