Moneys rock and a hard-place -- if you oppose inflation (liberal waste), you support austerity (conservative cruelty) --even if you are a pious monk saving pennies for the poor! I am not sure what Krug means by deflation here, it appears “deflation of product (production)” and not what most think–deflation as the opposite of inflation, which is the decline of spending power. Every time I attempt grasp “Krug-logic” using a google search, I wind up on an Austrian site! Money policy is polarized such that one is either a wasteful liberal (liberals are so wasteful as to be trickle down), or a rationally-reducing “austerity” conservative (who wants to raise the economy by cheapening the worker) with no shades in between, or perhaps better ideas such as a return to the natural state --now, that’s nativist & conservative something Krug’s (apparently culturally-sourced) rationally-steeped logic can really hate. Krug’s “openness,” to his credit, offers wide insight into the endless stream of noxious fluids draining from the corps. krugman.blogs.nytimes/2010/02/13/the-case-for-higher-inflation/
Posted on: Sat, 16 Nov 2013 19:08:07 +0000
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