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These two are from the same crisis, but broken for the benefit of the fold.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Oct 15th, 2008 at 08:39:10 AM EST
[ Parent ]
1997, then.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Wed Oct 15th, 2008 at 08:49:57 AM EST
[ Parent ]
Bingo.

What tipped you off?

As an aside, it's funny in a sad kind of way to read Krugman's writings about the last ten years' economic policy. I once sat down with The Great Unravelling and put a little red sticker in it every time I saw him identifying the real estate prices as a bubble, talk about how weak and insufficient banking regulations and oversight contributed significantly to previous crises, etc.

I ran out of little red stickers 2/3 of the way through the book.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Oct 15th, 2008 at 01:14:14 PM EST
[ Parent ]

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