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Monday, May 19, 2014

Paul Krugman: The Government Saved Wall St. But Left The Economy Behind

 
 "Inside Job"

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"Politics and Economics: The 101 Courses You Wish You Had"

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The government saved Wall St. but left the economy behind
"Mr. Geithner can indeed blame much though not all of what went wrong on scorched-earth Republican obstructionism. But there's also something else going on. In both Europe and America, economic policy has to a large extent been governed by the implicit slogan 'Save the bankers, save the world' -- that is, restore confidence in the financial system and prosperity will follow....Unfortunately, we're still waiting for the promised prosperity." Paul Krugman in The New York Times.

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