Tuesday, June 2, 2009


I like it when this happens ...

Paul Krugman's most recent piece in the NY Times made my day. It comes as close to a synopsis of the two biggest points that I made in Chapters 10 & 11 of my book as any I've seen. In a few words, Krugman argues that deregulation and massive deficit spending - which took off under Ronald Reagan - are the keys for understanding how the mess we're in now got started. He even uses the examples I used in the book to make his points (the 1982 Garn-St. Germain bill and debt as a percentage of GDP).

Of course you can read my book for an extended version of what Krugman points out.

- Mark

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