Friday, April 2, 2010

The Patient is Stable: Still Dead

Paul Krugman's post today, "The Patient Is in Stable Condition," says absolutely nothing, but nonetheless we have to remember that Krugman has been saying almost nothing correct for many years. Thus, when he cites any statistic on unemployment, I always cringe:
That’s the message of today’s jobs report. The economy is clearly adding jobs, even once you adjust for Census hiring and February snow. But not fast enough to make a dent in mass unemployment.
Furthermore, while the report today is semi-positive, nonetheless I agree with Peter Schiff that the government's actions are such that no real recovery is possible, and that there is no greater cheerleader for this destruction than Paul Krugman.

The patient is stable, alright: dead stable.

1 comment:

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