Paul Krugman Blog: What didn't the vice president know? (5 July 2009)
And when did he not know it? Seriously, the economy isn't doing all that much worse than a number of people warned was probable. And the whole political economy thing was, sadly, predictable
Seriously, the economy isn't doing all that much worse than a number of people warned was probable. And the whole political economy thing was, sadly, predictable
Your problem, professor Krugman, is that you're not "serious" enough. And neither are Jamie Galbraith, Dean Baker, Brad de Long, Nassim Taleb, Nouriel Roubini, Joseph Stiglitz... I mean, why does anyone need to listen to you unserious people when they can just listen to Goldman Sachs and its alumni? When Biden says "we and everyone else misread the economy" he means "we and everyone else that matters". When he says "[t]he truth of the matter was, no one anticipated, no one expected", he means "no one that matters". Get used to it - you may be the latest Bank of Sweden prize winner, a professor at Princeton and a columnist in the NYT, but you are "noone that matters".
I mean, why does anyone need to listen to you unserious people when they can just listen to Goldman Sachs and its alumni?
When Biden says "we and everyone else misread the economy" he means "we and everyone else that matters". When he says "[t]he truth of the matter was, no one anticipated, no one expected", he means "no one that matters".
Get used to it - you may be the latest Bank of Sweden prize winner, a professor at Princeton and a columnist in the NYT, but you are "noone that matters".
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
