Monday, December 24, 2012

Paul Krugman — SMACKDOWN

The key thing we need to understand, however, is that the prophets of fiscal disaster, no matter how respectable they may seem, are at this point effectively members of a doomsday cult. They are emotionally and professionally committed to the belief that fiscal crisis lurks just around the corner, and they will hold to their belief no matter how many corners we turn without encountering that crisis.
The New York Times | Opinion
When Prophecy Fails
Paul Krugman | Professor of Economics, Princeton University

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