"We are now, I fear, in the early stages of a third depression," the Nobel laureate wrote in a NY Times Op-Ed Sunday, dipping his toes into a pool we've been sloshing around in for some time.
What... Klugman is actually making sense? Wait a minute... he is an economist…... and he did win the Nobel Prize in Economics. Right?
That is, until he follows his comments up with this piece of shit of advice to G-20 meeting attendees: "This depression will actually be "a failure of policy... governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening, when the real problem is inadequate spending."
Thank God. For a minute there I was getting worried. He was beginning to make sense.
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