Monday, January 2, 2012

Quotation for Today: Kitchen Table Economics

"... when people in D.C. talk about deficits and debt, by and large they have no idea what they’re talking about — and the people who talk the most understand the least."
Paul Krugman

Paul Krugman, in his column "Nobody Understands Debt," writes about how politicians are foolishly and ignorantly, willfully or not, focused on the "national debt crisis" when the true crisis is that of unnecessary high unemployment.  Professor Krugman's article is in easy to understand, kitchen table language.

Krugman, Paul. "Nobody Understands Debt." The New York Times 1 January, 2012: online edition.

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