Listen to Krugman

Princeton economist and New York Times op-ed writer Paul Krugman has some points on the current economic crisis worth hearing. The op-ed column is from Sunday and contains an excellent summary of what the problems are facing Wall Street and Main Street.

 

Op-Ed, Paul Krugman: Cash for Trash

from The New York Times, Sunday, September 21, 2008

Some skeptics are calling Henry Paulson’s $700 billion rescue plan for the U.S. financial system “cash for trash.” Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force, the infamous bill that gave the Bush administration the green light to invade Iraq. Read more