NP - Toryism (Austerity) Isn't Working.

[Robert Mahnke]

Well played, sir!  (Excuse me: ma'am.)  I particularly like the way
you use the punchline (three short words: "Japanese bond yields") to
let us all know that you are a sophisticate and a cognoscentum who
understands such things and that the rest of us do not.  It would be
interesting to see you try to try to grapple with what Krugman has
said, but that's not the nature of the act, is it?  Clever rhetorical
strategies indeed.


On 4/27/12, alice wellintown <alicewellintown at gmail.com> wrote:
> 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.
>