My Take-a daily dose of opinion: How Long, Oh, Lord?: Paul Krugman's Prescription For A 'Depression' : NPR Conservatives demonize Krugman but he is a Nobel Laureate in this field. Last week another economist wrote that Europe was falling into another
recession due to its austerity measures. Krugman makes the point that
when some of us were worried about soaring deficits with unfunded wars
and tax cuts those who are now crying out were saying deficits don't
matter. The Obama haters, among which you will find some true
conservatives, really don't care as long as Obama is out of the White
House.
Fact of the matter is that prosperity is created by a middle class that
creates demand. Present policies encourage inequality that depresses
the middle class.
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