Monday, February 6, 2012

Krugman on Green Shoots Being Stepped On

One step forward, with the definite possibility of a move backward. Dr. K explains.

So this encouraging employment report shouldn’t lead to any slackening in efforts to promote recovery. Full employment is still a distant dream — and that’s unacceptable. Policy makers should be doing everything they can to get us back to full employment as soon as possible.

Unfortunately, that’s not the way many people with influence on policy see it.

No comments: