Krugman to Middle Class: You’re Dead; Get Used to it

If it was only Krugman, I wouldn’t bother with this, but he’s not only speaking for himself. Spend any time around monetary officials and one word you’ll hear a lot is “normalization.” Most though not all such officials accept that now is no time to be tightfisted, that for the time being credit must be easy and interest rates low. Still, the men in dark suits look forward eagerly to the day when they can go back to their usual job, snatching away the punch bowl whenever the party gets Read more […]