Monday, January 24, 2011

Krugman Quote of the Day

From the NY Times:
The financial crisis of 2008 was a teachable moment, an object lesson in what can go wrong if you trust a market economy to regulate itself. Nor should we forget that highly regulated economies, like Germany, did a much better job than we did at sustaining employment after the crisis hit. For whatever reason, however, the teachable moment came and went with nothing learned.
Dr Paul Krugman who does not yet realize that America does not do "teachable moments". We do have a hell of a "shrug" to move on to the next disaster.

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