Paul Krugman on election night: “The sky is falling and we’re all gonna die.”
Paul Krugman; the most useful of idiots.
Note: back during the Obama administration, when the poorly trained chimps in Minnesota’s leftyblogosphere panted “The Dow! The Dow!” as evidence that the Obama economy was humming along, I pointed out – correctly – that that was a result of companies sitting on lots of cash in a zero-interest environment. It was a bubble. They were creating few jobs, investing in little new plant; the Dow was a reflection of cash.
And it still is.
But I’m just trying to keep them consistent. Which could keep an army of researchers busy, although not very interested.