Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   1 comment

Paul Krugman: The Urge to Purge

Quicklink submitted By   Follow Me on Twitter     Message Sheila Samples     Permalink
Related Topic(s): ; ; , Add Tags

View Ratings | Rate It

opednews.com

Become a Fan
  (45 fans)
The urge to purge -- the urge to see depression as a necessary and somehow even desirable punishment for past sins, while inveighing against any attempt to mitigate suffering -- is as strong as ever. Indeed, Mellonism is everywhere these days. Turn on CNBC or read an op-ed page, and the odds are that you won't see someone arguing that the federal government and the Federal Reserve are doing too little to fight mass unemployment. Instead, you're much more likely to encounter an alleged expert ranting about the evils of budget deficits and money creation, and denouncing Keynesian economics as the root of all evil.

Read the rest of the story HERE:

At www.nytimes.com

- Advertisement -
- Advertisement -