[lbo-talk] Krugman weighs in, echoes Yves Smith

Dmytri Kleiner dk at telekommunisten.net
Mon Sep 22 02:46:49 PDT 2008


On Sun, 21 Sep 2008 19:57:23 -0700 (PDT), Shane Taylor <shane.taylor at verizon.net> wrote:
> [Krugman:]
>
> [A] capsule analysis of the crisis.
>
> 1. It all starts with the bursting of the housing bubble.

I don't have any historical data, but I thought it all started with the financing of "winning" the cold war.

The cold war bankrupted both sides, the Soviet Union collapsed, The Capitalist Union has delayed collapse with smoke and mirrors.

-- Dmytri Kleiner editing text files since 1981

http://www.telekommunisten.net



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