{"id":189274,"date":"2010-04-24T19:40:00","date_gmt":"2010-04-25T00:40:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/04\/24\/what-paul-krugman-said\/"},"modified":"2010-04-24T19:40:00","modified_gmt":"2010-04-25T00:40:00","slug":"what-paul-krugman-said","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/04\/24\/what-paul-krugman-said\/","title":{"rendered":"What Paul Krugman Said"},"content":{"rendered":"<p>His conclusion is <a href=\"http:\/\/www.nytimes.com\/2010\/04\/23\/opinion\/23krugman.html?partner=rss&amp;emc=rss&amp;pagewanted=all\">all too true<\/a>:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>But the fact is that we\u2019ve been devoting far too large a share of our wealth, far too much of the nation\u2019s talent, to the business of devising and peddling complex financial schemes \u2014 schemes that have a tendency to blow up the economy. Ending this state of affairs will hurt the financial industry. So? <\/p><\/blockquote>\n<p>Until people in power realize that the basic problem with our financial system is that it is <span style=\"font-weight: bold;\">too big<\/span> relative to the rest of the economy, and that it needs to be cut down to size, we will continue to have failures like these.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>His conclusion is all too true: But the fact is that we\u2019ve been devoting far too large a share of our wealth, far too much of the nation\u2019s talent, to the business of devising and peddling complex financial schemes \u2014 schemes that have a tendency to blow up the economy. Ending this state of affairs &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1002,985],"tags":[],"class_list":["post-189274","post","type-post","status-publish","format-standard","hentry","category-finance","category-good-writing","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189274"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189274"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189274\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}