The Unwisdom of Elites

The past three years have been a disaster for most Western economies. The United States has mass long-term unemployment for the first time since the 1930s. Meanwhile, Europe’s single currency is coming apart at the seams. How did it all go so wrong? Full Story »

Posted by Jon Mitchell - via Tim O'Reilly, New York Times (Opinion), New York Times (Most Emailed), NewsRack (Recession), Opinion Source, AllTop, Real Clear Politics, Mark Pegrum (t), miker1717 (t), Marc Dangeard (t)
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Subjects: World, U.S., Politics, Business, Extra
Member Tags: united states economy, regulation and deregulation of industry, george bush, federal taxes (us), Alan Greenspan, european sovereign debt crisis (2010- ), national debt (us), United States, euro (currency), budgets and budgeting, economic conditions and trends, iraq war (2003- ), early morning update, Ireland, Spain, recession
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# Diggs: 388 (as of 2011-05-10)
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Posted by: Posted by Jon Mitchell - May 8, 2011 - 8:27 PM PDT
Content Type: Article
Edit Lock: This story can be edited
Edited by: Jon Mitchell - May 9, 2011 - 8:42 AM PDT
Jon Mitchell
3.1
by Jon Mitchell - May. 9, 2011

Boilerplate Krugman: highly ideological statements without factual backup, general, sweeping views instead of specifics, and moral certitude where nuance is needed.

See Full Review » (11 answers)
Randy Morrow
4.2
by Randy Morrow - May. 9, 2011

The fact is that what we’re experiencing right now is a top-down disaster. The policies that got us into this mess weren’t responses to public demand. They were, with ... More »

See Full Review » (11 answers)
Mike Carlson
4.0
by Mike Carlson - May. 10, 2011

As per his norm, Mr. Krugman once again presents a logical explanation of our economic morass that is based on observation of actual facts as opposed to partisan illogic. Republican & Tea Pary apologists defend those who trashed the economies of the world with ahistorical, short term, knee-jerk, ideological froufrou motivated by personal greed and fear. Mr. Krugman logically points out the foolishness of following the lemmings over the cliff.

See Full Review » (4 answers)
Bob Herrschaft
3.8
by Bob Herrschaft - May. 9, 2011

The fact is that what we’re experiencing right now is a top-down disaster. The policies that got us into this mess weren’t responses to public demand. They were, with ... More »

See Full Review » (11 answers)
Olivier De Gaudemar
4.0
by Olivier De Gaudemar - May. 12, 2011

People who advocated budget-busting policies during the Bush years shouldn’t be allowed to pass themselves off as deficit hawks. More »

See Full Review » (4 answers)

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