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Paul Krugman | Phony Fear Factor

Fri, 11/04/2011 - 11:13 — Dave Culver
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Critical Thinking
  • Republicans, aided and abetted by many conservative policy intellectuals, are fixated on a view about what's blocking job creation that fits their prejudices and serves the interests of their wealthy backers, but bears no relationship to reality.
  • Crony Capitalism Comes Home

Paul Krugman, New York (NY) Times

The good news: After spending a year and a half talking about deficits, deficits, deficits when we should have been talking about jobs, job, jobs we’re finally back to discussing the right issue.

The bad news: Republicans, aided and abetted by many conservative policy intellectuals, are fixated on a view about what’s blocking job creation that fits their prejudices and serves the interests of their wealthy backers, but bears no relationship to reality.

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Related:

Crony Capitalism Comes Home, Nicholas D. Kristof, New York (NY) Times

  • The threat to our capitalist system is not coming from half-naked anarchists manning the barricades at Occupy Wall Street protests. Rather, it comes from pinstriped apologists for a financial system that glides along without enough of the discipline of failure and that produces soaring inequality, socialist bank bailouts and unaccountable executives.
  • It’s time to take the crony out of capitalism, right here at home.


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