Wednesday, 10 August 2011

Addendum

I thought this piece from Alan Kohler neatly summarised what I wanted to say this morning - http://www.businessspectator.com.au/bs.nsf/Article/European-debt-crisis-markets-stocks-Wall-Street-Fe-pd20110811-KLSS8?OpenDocument&src=sph

On "bourgeois economists", I liked this short precis from Krugman
http://krugman.blogs.nytimes.com/2011/08/10/dismal-thoughts/

and this punishing one on those idiots in the WSJ who keep warning about "bond vigilantes" (they have disappeared completely now, but a few months ago I was fighting a lonely battle on the FT to convince everyone how foolish talk of "inflation" was, and is)
http://krugman.blogs.nytimes.com/2011/08/10/utter-wrongness/

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