Sunday, February 08, 2009
'The real economic experts?'
Actually, Joan and Margery make more sense than your average economist these days. ... Margery, indirectly, shames pundits/bloggers like yours truly for harping too much on economic matters. So I'll keep this post brief: Dems should read this column and then Louis Brandeis' 'Other People's Money.' Fixing the financial system isn't as sexy and fun as spending other people's money. But it's at the heart of our economic problems today. Massachusetts Financial Service's Bob Pozen has some smart ideas on how to deal with all those toxic mortgage assets -- and it has nothing to do with bogus job-multiplier effects. ...
Update -- Harvard's Robert Barro, after clobbering Paul Krugman, says Tim Geithner is on the right track:
Actually, Joan and Margery make more sense than your average economist these days. ... Margery, indirectly, shames pundits/bloggers like yours truly for harping too much on economic matters. So I'll keep this post brief: Dems should read this column and then Louis Brandeis' 'Other People's Money.' Fixing the financial system isn't as sexy and fun as spending other people's money. But it's at the heart of our economic problems today. Massachusetts Financial Service's Bob Pozen has some smart ideas on how to deal with all those toxic mortgage assets -- and it has nothing to do with bogus job-multiplier effects. ...
Update -- Harvard's Robert Barro, after clobbering Paul Krugman, says Tim Geithner is on the right track:
I think Geithner is a good appointment. I think he's going to focus on what really matters, which is the financial system and the housing market. That's where they should be putting their efforts. That's where the problems came from.
