Costard

We Simply Do Not Have a Financial System

Krugman suggests we postpone the bleeding on account of the wound. I'm of the opinion he would make a very poor doctor.

Rhetorically: How do you (or anyone) plan to subsidize unemployment and launch make-work programs of massive scale (and questionable value) without inflating the price of labor? And how will this aid an economy already reeling from debt and expenses? How will leaching private savings in order to pay for these programs - via tax or bond - help solve our central problem, which is, we don't save enough? And how do we do any of this without further destroying the dollar and, with it, our economic future?

Build a new financial system? Ye gads, man, let's learn a little biology before we go building hearts.