Friday, May 28, 2010

Jesus On A Crutch

The guy who told us that we wouldn't even have a recession, is now telling us, despite a crisis in Europe (and the definite threat of a double dip) that now is a good time to stop spending. The guy is a fucking genius.

Update: Krugman's view.

Update 2: It is criminally stupid to be worried about inflation in the middle of a deflation crisis.
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1 comment:

  1. Well, there's what one commenter to Krugman's piece says -- weigh the pain of austerity against the pain of default plus forced austerity (when no-one will buy your bonds).