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after 25 years telling us how devaluations were a bad, bad, bad process, leading to lower long term competitiveness, declining standards of living, beggar-thy-neighbor policies, we're now being told by the same economists that it's THE solution

The dustbin on modern history is truly filled with the ashes of ideas torched by Paul Krugman.

Note the article is from 1999.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Thu May 6th, 2010 at 06:46:39 AM EST
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