Thursday, November 4, 2010

Krugman says...


The background to the world economic crisis is that we went through an extended period of rising debt...

Oh, and widespread debt forgiveness ... would solve the problem.
ACCOUNTING IDENTITIES, 30 OCT 2010


My plan is simple.

I want the Fed to print money and use it to pay off debt.
And I want'em to do it until the economy is growing again.

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