Krugman on the broader implications of the Cypriot haircut


Paul Krugman made a pretty strong indictment against international finance today. Anyone disagree? (I don’t.)

Let me make a broader point: we’ve now seen three island nations around Europe become huge international banking hubs relative to their GDPs, then get into crisis because their domestic economies don’t have the resources to bail out those metastasized banking systems if something goes wrong. This strongly suggests, to me at least, that we have a fundamental problem with the whole architecture (to use the preferred fancy word) of international finance.

Read the full article here: http://krugman.blogs.nytimes.com/2013/03/18/the-%d1%8fussians-are-coming-the-%d1%8fussians-are-coming/

For What it’s Worth, Paul Krugman’s Got Game


Post-A-Day: Day 7 (Post 2)

I can’t seem to pull myself away from the music of my youth lately.  Crosby, Stills, Nash & Young are getting heavy rotation as well as their predecessor’s (Buffalo Springfield) “For What it’s Worth.”  As such, I had a good laugh when I saw the opening to Paul Krugman’s take on the Occupy Wall Street protests.  The song in question and the link to the article are posted below.

Confronting the Malefactors

By 
Published: October 6, 2011

There’s something happening here. What it is ain’t exactly clear, but we may, at long last, be seeing the rise of a popular movement that, unlike the Tea Party, is angry at the right people.

Read Professor Krugman’s full article here.

Lyrics to Buffalo Springfield’s For What It’s Worth

There’s something happening here
What it is ain’t exactly clear
There’s a man with a gun over there
Telling me I got to beware
I think it’s time we stop, children, what’s that sound
Everybody look what’s going down
There’s battle lines being drawn
Nobody’s right if everybody’s wrong
Young people speaking their minds
Getting so much resistance from behind
I think it’s time we stop, hey, what’s that sound
Everybody look what’s going down
What a field-day for the heat
A thousand people in the street
Singing songs and carrying signs
Mostly say, hooray for our side
It’s time we stop, hey, what’s that sound
Everybody look what’s going down
Paranoia strikes deep
Into your life it will creep
It starts when you’re always afraid
You step out of line, the man come and take you away
We better stop, hey, what’s that sound
Everybody look what’s going down
Stop, hey, what’s that sound
Everybody look what’s going down
Stop, now, what’s that sound
Everybody look what’s going down
Stop, children, what’s that sound
Everybody look what’s going down

It seems appropriate to close the reference loop from this post’s title.

Public Enemy – “He Got Game’