Drink Krugman's Kool-Aid If You Think Governments Manage Economies Better Than Markets |
| April 04, 2013 | April 2013 Bond Updates |
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Princeton Professor and New York Times columnist Paul Krugman must be feeling the heat. In a recent blog he referred to David Stockman’s March 31 brilliant NY Times OpEd was “pathetic and embarrassing.” Why do I say Stockman’s article was brilliant? Stockman’s main point is that, “Sooner or later, within a few years, this latest Wall Street bubble, inflated by an egregious flood of phony money from the Federal Reserve rather than real economic gains, will explode.” |
| View more at: http://www.forbes.com/sites/investor/2013/04/04/drink-krugmans-kool-aid-if-you-think-governments-manage-economies-better-than-markets/ |