I don't think it's entirely crazy to say that if Krugman was Fed chair, the US would have a significantly higher rate of inflation expectations. Whether that would "end this depression", I am not so sure.
BTW Mungo, what about "Credibly promising to be irresponsible since 2007" as the new tagline for KPC?
I'd just like to voice my support for the new tagline.
ReplyDeleteAgreed - the proposed new tagline is a keeper.
ReplyDeleteWe are RESPONSIVE? Not responsible...but responsive. New tag line it is.
ReplyDelete