[sickoflibs]

RE :"First things first: The attempt to create a common European currency was one of those ideas that cut across the usual ideological lines. It was cheered on by American right-wingers, who saw it as the next best thing to a revived gold standard, and by Britain’s left, which saw it as a big step toward a social-democratic Europe. But it was opposed by British conservatives, who also saw it as a step toward a social-democratic Europe. And it was questioned by American liberals, who worried — rightly, I’d say (but then I would, wouldn’t I?) — about what would happen if countries couldn’t use monetary and fiscal policy to fight recessions. "

At the NYT link he continues the same line of argument: The problem with Greece, Italy Spain is that they cant print their way out of debt and recessions, because of the Euro.

It's not because they became a ' consumer ' based society not producing anything while consuming. 'Consumption' side economics says that the government employee creates the jobs, by spending money.

[ding_dong_daddy_from_dumas]

At the NYT link he continues the same line of argument: The problem with Greece, Italy Spain is that they cant print their way out of debt and recessions, because of the Euro. It's not because they became a ' consumer ' based society not producing anything while consuming. 'Consumption' side economics says that the government employee creates the jobs, by spending money.

One would think that the Nobel committee, Yale, and Harvard would be concerned about individuals who garner diplomas and Nobel Prizes from those once respected institutions, and then advocate mindless leftist theories. Not so. Zealots like Obama and Krugman represent what those institutions (with exceptions for a few faculty members) stand for today.

[Baynative]

What the quote you cited shows is the continuing effort of liberals to rewrite history and shape it for their own purpose. Krugman is hoping the crap he tosses around will someday be taught as fact in IV league economy classes.

This is the continued shaping of history and influencing of the public to promote another term for Obama and fuel his move toward economic collapse that they think will lead to a socialist revolution.

When I see his picture, the old saying about wiping the smirk off someone's face comes to mind: