Re:Paul Krugman: The austerity delusion
by jhulla on Wednesday April 29, 2015 @03:20PM
(#9460993)
> So far it's played out mostly like what he and other mainstream economists predicted.
Oh christ on a cracker.
Mainstream economists should have all taken their PhD diplomas off their walls and collectively shredded them in the fall of 2008.
Under the watchful eyes of mainstream economists at the Federal Reserve, the watchful eyes of academics at institutions worldwide, the global financial system melted down.
Now, we are to believe that these same folks who couldn't see the 2008-2009 crisis know exactly how to lead us out.
Oh christ on a cracker.
Mainstream economists should have all taken their PhD diplomas off their walls and collectively shredded them in the fall of 2008.
Under the watchful eyes of mainstream economists at the Federal Reserve, the watchful eyes of academics at institutions worldwide, the global financial system melted down.
Now, we are to believe that these same folks who couldn't see the 2008-2009 crisis know exactly how to lead us out.