deficits
The Detroit mess: "So now the deficit scolds have a new case to misinterpret" (Paul Krugman)
-- Tim Eagan (click to enlarge)"Detroit does seem to have had especially bad governance, but for the most part the city was just an innocent victim of market forces. What? Market forces have victims?
Paul Krugman has a message for policy-makers: "Where we are is not O.K. Stop shrugging, and do your jobs"
Patrick Chappatte [click to enlarge]"For more than three years some of us have fought the policy elite's damaging obsession with budget deficits, an obsession that led governments to cut investment when they should have been raising it, to destroy jobs when job creation should have been their priority.
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