NP - Toryism (Austerity) Isn't Working.

[David Morris]

Probably the two can also be divided as Republicans Vs Democrats.

On Fri, Apr 27, 2012 at 10:16 AM, Paul Mackin <mackin.paul at verizon.net> wrote:
> On 4/27/2012 8:24 AM, Mark Kohut wrote:
>>
>> Krugman's readers include many policy-making readers to whom bond yields'
>> meaning matters. The rest of
>> us can learn or pass over. Like reading GR with some annotation or none..
>>
>> After Obama had had his econ team argue the whys and depth of the
>> recession after the first stimulus, he
>> declared, "Krugman was right, the stimulus was too small".
>
>
> There are broadly two kinds of economist.  Biz school economists and the
> kind who got their training in the graduate econ departments of places like
> Harvard, MIT, and Princeton.  Never the twain will meet. (hardly ever)
>
> The latter kind of economist isn't likely to laugh at the fact that even
> Japan can still borrow long term at very low interest rates. To them it's
> evidence that the Wall Street Journal's view of things is crap.
>
> I'm not saying that all business economists march to the orders of the Wall
> Street Journal editorial page but . . . .
>
> P
>
>
>
>>
>> ----- Original Message -----
>> From: alice wellintown<alicewellintown at gmail.com>
>> To: pynchon -l<pynchon-l at waste.org>
>> Cc:
>> Sent: Friday, April 27, 2012 7:40 AM
>> Subject: Re: NP - Toryism (Austerity) Isn't Working.
>>
>> Japan again? Oh sure, Krug can use clever rhetorical stratgies and
>> ignore the real differences in these economies, but now he's gone too
>> far. NYT readers probably don't know all that much about Japan or
>> Japanese conomics or politics, but they know enough, I assume, if they
>> read the Times and are interested in Japan and Economics, but most
>> people don't know why Japanese bond yields are low or even how to
>> compare the Japanese yield curve with the US or Euro-curves. Why
>> should they? So, when Krug, who usually stays away from esoteric
>> arguements, even as he takes on Ben's publications, supports his
>> argument with Japanse bond yields, readers with a clue laugh almost as
>> hard as they do when Morris tries to say anything about economics.
>>
>>
>