More from Krugman: Is He Wrong?

I know what some players both at the Fed and in the administration will say: they’ll warn about the risks of doing anything unconventional. But we’ve already seen the consequences of playing it safe, and waiting for recovery to happen all by itself: it’s landed us in what looks increasingly like a permanent state of stagnation and high unemployment. It’s time to admit that what we have now isn’t a recovery, and do whatever we can to change that situation.

via Op-Ed Columnist – This Is Not a Recovery – NYTimes.com.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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