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Morning Joe - Paul Krugman Blog - NYTimes.com

Paul Krugman on Joseph Stieglitz:

But the larger story is the absence of a progressive-economist wing. A lot of people supported Obama over Clinton in the primaries because they thought Clinton would bring back the Rubin team; and what Obama has done is ... bring back the Rubin team.

Joe Stiglitz stands out because in addition to being on the progressive wing, he's also, as I said, a giant among academic economists. But I think the real story is more about excluded points of view than excluded people.


Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.
by Bernard on Mon Jul 20th, 2009 at 05:47:19 AM EST
[ Parent ]
Krugman:
A lot of people supported Obama over Clinton in the primaries because they thought Clinton would bring back the Rubin team; and what Obama has done is ... bring back the Rubin team.
Isn't that sad?

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Mon Jul 20th, 2009 at 05:50:29 AM EST
[ Parent ]
Heads, I win, tails, you loose: The story of the financial "industry" over the past thirty years.

And now they've restarted partying like this is 2005...

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.

by Bernard on Mon Jul 20th, 2009 at 06:44:18 AM EST
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While the greater point is valid I don't believe that "a lot of people" made their choice for President based on the economic advisory team.  lol, not in America.
by paving on Mon Jul 20th, 2009 at 02:34:39 PM EST
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