Paul Krugman on financial (i.e. banks) regulation.

[AztecWilliam]

Let no one say I do not give the other guy a chance to speak for himself! Here is what Paul Krugman, that articulate defender of increased government power, has to say regarding the prospects of new financial regulation legislation.

I must say that I am too much of an amateur to be certain what is the best course of action in this area. In any event, here's Krugman's line. . .

www.nytimes.com/2010/03/29/opinion/29krugman.html

AzWm

[aztecwin]

Krugman used some terms that were not usual and not defined by him so we can take very little away from what he has written. When you try to prop up actions by Frank and Dodd, figures central to the problem to begin with, you have a very shaky start. Again, this piece was vague on purpose I suspect and knowing the liberal beliefs of Krugman you have to think that those liberal beliefs and his sympathy for liberals has overridden what his education in economics would tell him. Krugman is pretty smart on economic topics, but is a liberal first.