Another good one from New York Times columnist and Nobel Prize-winning economist Paul Krugman.
Today he's writing about China's monetary policy. I know, monetary policy is the Ambien of political and economic issues. What it has to do with anything is puzzling to a lot of laymen.
But Krugman lays it out in a way that both makes it understandable and puts it into context of our current economic woes.
A couple of things: China's monetary policy played a role in the housing bubble and its collapse and it results in jobs flowing overseas.
Interesting stuff.
Read it here.
Really? We're supposed to be concerned about China's currency when our own currency continues to fall in value? While we continue to create new money out of thin air? Seems as though Krugman is trying to place blame on everybody but the Keynesians, which is foolish and will do nobody any good down the road.