General Discussion
In reply to the discussion: Krugman's Harshest Post Yet [View all]Egalitarian Thug
(12,448 posts)I admire Dr. Krugman, I've followed him for years and have yet to find any position of recommendation of his that I can argue with within the context of the reality that exists. But he has rarely ventured into the world of "what if".
This is an example of his stopping short of declaring what has been plainly clear for all of our lives. The Fed is and has been an organization with one and only one loyalty and one agenda, that being to preserve the system that it largely created and under which we are all nothing but resources to be extracted, leveraged, and maximized regardless of the consequences to the individuals that comprise it. It is pretty easy to take much of his work and use it to make the asinine arguments of Dr. Friedman.
In this matter I give an advantage to Dr. Stiglitz