Saturday, October 8, 2011

Paul Krugman: Economic "Experts" Got Crisis All Wrong

It took bad thinking and bad policy by many players to get us into the state we’re in; rarely in the course of human events have so many worked so hard to do so much damage.

But if I had to identify the players who really let us down the most, I think I’d point to European institutions that lent totally spurious  intellectual credibility to the  Pain Caucus.

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