Saturday, March 29, 2008


In a recent blog post, The Age of the Anti-Cassandra, Paul Krugman bemoans the inclusion on Hillary Clinton’s proposed panel to solve the sub-prime crisis those who, like Alan Greenspan, architected the fucked-up mess in the first place.

Same dynamic regarding Iraq.

In his little rant, Krugman provides a 1931 utterance of John Maynard Keynes:

A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.

I’m so glad Professor Krugman is again available on the New York Times website for free!
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