Krugman Still is a Broken Clock
For all of you who wondered why I had not written my usual Monday missive against Paul Krugman’s latest column, it was because the Krugperson seemed to be making sense. In his Monday, March 23, column, Krugman was critical of the government’s newest bank bailout plan, the “cash for trash” program in which the government co-signs for private investors who buy toxic assets with the understanding that if they go down in value, the government will pay for them.