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I think it's highly unfair to rank Stiglitz and Krugman among "he same economists". Or to imply that they describe deflation as painless.

Or even as THE solution. All in all, they would probably advocate greater fiscal integration. But that would not work too well with the current German memes either.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi

by Cyrille (cyrillev domain yahoo.fr) on Thu May 6th, 2010 at 06:26:51 AM EST
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