Krugman: “Boring Cruel Romantics”

Paul Krugman says the technocrats who dreamed up the Euro are not pragmatists but “boring, cruel Romantics” —

Sad to say, things did not work out as promised. But rather than adjusting to reality, those supposed technocrats just doubled down — insisting, for example, that Greece could avoid default through savage austerity, when anyone who actually did the math knew better.

Of course, I am under Danish influence and they never trusted the plan. But it is amazing how many people did.

Axé.


2 thoughts on “Krugman: “Boring Cruel Romantics”

  1. I find it amazing that those “boring, cruel romantics“ like Newt Gingrich and Herman Cain are touted as serious candidates for the highest office in America by the major news media. Newt Gingrich said the following at the Kennedy School of Government on Friday:

    “It is tragic what we do in the poorest neighborhoods, entrapping children in, first of all, child (labor) laws, which are truly stupid,” said the former House speaker, according to CNN. “Most of these schools ought to get rid of the unionized janitors, have one master janitor and pay local students to take care of the school.”

    And Herman Cain was chairman of the National Restaurant Association which during his tenure insured that the Federal minimum wage for restaurant workers who may receive tips was (and continues to be) $2.13.

    Never mind eliminating the New Deal, let`s go back to the Satanic Mills of the 19th century.

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