asterism
Congress != Progress
So the systemic problems with the new ideals of a command economy didn't work so what do the idiots do? Deflect.
These activists are truly out of ideas.
So basically, Krugman and Summers can't figure out to fix the economic problems. Therefore, they've declared that the problems just can't be fixed. AMAZING!
http://www.nytimes.com/2013/11/18/opinion/krugman-a-permanent-slump.html
These activists are truly out of ideas.
More broadly, if our economy has a persistent tendency toward depression, were going to be living under the looking-glass rules of depression economics in which virtue is vice and prudence is folly, in which attempts to save more (including attempts to reduce budget deficits) make everyone worse off for a long time.
I know that many people just hate this kind of talk. It offends their sense of rightness, indeed their sense of morality. Economics is supposed to be about making hard choices (at other peoples expense, naturally). Its not supposed to be about persuading people to spend more.
But as Mr. Summers said, the crisis is not over until it is over and economic reality is what it is. And what that reality appears to be right now is one in which depression rules will apply for a very long time.
So basically, Krugman and Summers can't figure out to fix the economic problems. Therefore, they've declared that the problems just can't be fixed. AMAZING!
http://www.nytimes.com/2013/11/18/opinion/krugman-a-permanent-slump.html