19 June 2016

Paul Krugman. VSP


Leaders should, I think, bring out the best in people: not just appeal to our better selves but get us to find better, more accurate answers and drive better solutions – that’s simply how you make things better. Of course, as Paul Krugman often notes, Republican talking heads often, if not always, get their analysis wrong. What I think is interesting and very disturbing is that Hillary Clinton is getting the same bad quality analysis and positions out of her supporters – chief among them is Krugman himself. Take this quote from a damning column on Bernie Sanders view on financial market reform:
“Many analysts concluded years ago that the answers to both questions were no. Predatory lending was largely carried out by smaller, non-Wall Street institutions like Countrywide Financial; the crisis itself was centered not on big banks but on “shadow banks” like Lehman Brothers that weren’t necessarily that big. And the financial reform that President Obama signed in 2010 made a real effort to address these problems. It could and should be made stronger, but pounding the table about big banks misses the point.”
– from Krugman’s “Sanders Over the Edge” column dated April 8, 2016


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