re: #44 BlazerBeav

Krugman is wrong often enough and deeply partisan often enough reading him is like reading any other “partisan” specialized field expert. You are left wondering which is the stronger influence in the articles? I refer to his opinion pieces, his punditry, not his formal economic papers.

Here is the part I disagree with most-

“”In fact, at a national level lower wages would almost certainly lead to fewer jobs — because they would leave working Americans even less able to cope with the overhang of debt left behind by the housing bubble, an overhang that is at the heart of our economic problem. “”

IMO in the bold I added he is dead wrong backwards. Unemployment is the heart of our crisis. Fixing retail housing alone provides few jobs if any. Just needed relief to mortgage holders and banks. And that is the partisan influence he shows.The first sentence is supposition as written since no support is given.