Why not ask for a pony, too?

Paul Krugman is a poster child for everything wrong with the Economics profession these days. Maybe he needs to spend some more time on regressions and less time writing op eds in support of failed economic policies.

How are your MBS hedges doing there, Riversider?

The multiplier effect?

The nonfunctional gold standard?

trickle up!!!

it's worked beautifully

Ireland,Greece, Portugal and Spain are proof that Krugman's policies are highly effective.

no, they're proof that the euro sucks for them.

"Ireland,Greece, Portugal and Spain are proof that Krugman's policies are highly effective."

Really? You mean those very countries that implemented Ayn Rand's deregulation policies faster than anyone? That's what caused their mess - bank deregulation and financial engineering, where you decide what the answer is and work backwards to define the problem.