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Evidence that we should not freak out, episode I

In Commentary on 13 October 2008 tagged , with 4 comments

Paul Krugman has argued that bank recapitalization is the most logical response to the financial crisis, and in his column today he credits UK prime minister Gordon Brown for leading the world down that path. The Dow is up almost 600 points right now, so maybe the markets like that move.


4 Comments

The markets aren’t the only thing that thinks Krugman knows what he’s talking about. He was just awarded the Nobel Prize in Economics. I always thought he was just a glorified blogger who happened to know the password to the NYTimes. Apparently he has more credibility than I realized.

Posted by Ryan on 13 October 2008 @ 5pm

Shouldn’t this be episode III? ;-)

Posted by Jason on 14 October 2008 @ 10am

No, it’s episode I of evidence that we shouldn’t freak out. New sequence.

Posted by Rafe on 14 October 2008 @ 11am

Indeed it is, I’m clearly not very observant. :-)

Posted by Jason on 14 October 2008 @ 6pm

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This is the weblog of Rafe Colburn. I'm a software developer and computer book author, but this blog is really about whatever catches my interest on a day to day basis. I've been blogging since December, 1998.

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