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How Washington's Policymakers Are Damaging the U.S. Economy

Agree this is an excellent analysis, except for the suggestion that the present policy makers do not understand what they are doing to foreclose accumulation of wealth.

It is quite possible, even probable that at least some of them know exactly what they are doing, Krugman (and oh, yes, he is a policy maker too) among them. They know full well that the kind of "change" they envision cannot occur in an environment of economic stability.

As the president's resident policy czar Rahm Emanuel said last year: "Never waste a crisis, it might provide an opportunity."

Interesting line, first used by Vladamir Lenin.