Monday, April 7, 2014

Krugman on Economic Conventional Wisdom and Who Benefits From It

As per usual, Dr K clears out the underbrush.

So what makes the obvious unsayable? In a direct sense, what we’re seeing is the power of conventional wisdom. But conventional wisdom doesn’t come from nowhere, and I’m increasingly convinced that our failure to deal with high unemployment has a lot to do with class interests.

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