Krugman's been right.....
Posted on: April 28, 2012 at 23:20:10 CT
He said the Obama stimulus was too small, before the fact.
He said that the Fed's QE and Operation Twist would not lead to runaway inflation. It hasn't.
The yield on 10-years Treasuries is still at 1.93%. I guess that "downgrade" by S&P didn't reflect reality. Oh yeah, Krugman predicted that U.S. bond prices wouldn't go up.
If you can't see that austerity in this economic climate is destructive, you're delusional.
Edited by SparkyStalcup at 23:20:25 on 04/28/12