Reading some of the comments on Izabella Kaminska's "Summers on bubbles and secular stagnation forever":
Permalink| November 18 12:02pm |
Didn't these guys create the problem in the first place via banking deregulation, leading to excessive credit growth?
| November 18 12:28pm | Permalink
Heleen Mees - "like trickle-down economics, (asset bubble) increases inequality .."
Maybe as far as some people are concerned that's a feature, not a bug.
PermalinkAnd | November 18 12:39pm | many more.
@Bonnemort That may be true for Summers, but I doubt it is for Krugman.
| November 18 12:59pm | Permalink
@helen - i agree! I think that's the key problem with it. There has to be some sort of distribution mechanism to counter that.
These are almost uniformly the least troll-like responsorials to one of Izzy's posts that I've seen in a while.
You almost want to hug them and say "Look at you, all grow'd up now"
It's almost as if the whole choir was on the same page.