tag:blogger.com,1999:blog-236084104364300389.post5367825076333377457..comments2016-02-24T09:05:43.589-08:00Comments on Jacks Great blog: KrugmanJacob Silvermanhttp://www.blogger.com/profile/13321984006847799071noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-236084104364300389.post-14464548293826458042012-06-26T10:41:42.717-07:002012-06-26T10:41:42.717-07:00This is actually pretty good, if you can get over ...This is actually pretty good, if you can get over your l-r biases, and substitute bank-created money for government spending. It is a "conservative" approach, but he has basically correct concerns. And he knows you need a bigger, more long-term solution, or actually the case, I think, is you need several of those (I have one of them, if anyone wants to email me, I shall tell you about it).<br /><br />I am an outsider - I do not play the Republican vs Democrat game.<br /><br />Mr. Krugman, day after day we have to read how you suggest that more Government spending is the solution. But where were you when the World economic prospects looked brighter - were you on your white steed cautioning social democracies to curtail chronic overspending? If the US did not already have massive debt prior to 2008, the great recession would never have happened.<br /><br />The living standard of the West has artificially been elevated for decades by Government overspending, fueled by politicians reflecting the collective greed of the voters. That is the obvious problem here. And you keep on harping about the short term symptomatic solution, when a lot of us wish to hear about the cure on the long run. And we are not necessarily Republicans or Democrats.Jacob Silvermanhttps://www.blogger.com/profile/13321984006847799071noreply@blogger.com