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by yummyfajitas 5893 days ago
I didn't cast aspersions on anyone. I simply summarized Krugmans column: to increase consumer demand, the fed should create a housing bubble, but even that is unlikely to work.
1 comments

I don't think that's what he was intending to say. I remember a whole bunch of cautionary columns of his from that time period, some of which were very partisan and accused Greenspan of keeping interest rates low for political reasons.