{"id":189906,"date":"2010-01-30T17:55:00","date_gmt":"2010-01-30T22:55:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/01\/30\/what-krugman-said\/"},"modified":"2010-01-30T17:55:00","modified_gmt":"2010-01-30T22:55:00","slug":"what-krugman-said","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/01\/30\/what-krugman-said\/","title":{"rendered":"What Krugman Said"},"content":{"rendered":"<p>So <a href=\"http:\/\/krugman.blogs.nytimes.com\/2010\/01\/13\/percents-and-sensibility\/\">says the Shrill One<\/a>, and so say we all:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>Put it this way: if our financial system is so high-strung, so manic-depressive, that low rates for a few years can inflate a monstrous bubble, while a few discouraging words from high officials can send them into a tailspin, this doesn\u2019t make the case that policy must walk on eggshells, forgoing any attempt to fight prolonged unemployment. Instead, it makes the case for much, much stronger financial regulation.<\/p><\/blockquote>\n<p>I would only add that one of the metrics that should be used in financial regulation is proportion of GDP.  There must be a conscious effort by regulators to keep the financial industry from becoming the tail that wags the dog of our economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So says the Shrill One, and so say we all: Put it this way: if our financial system is so high-strung, so manic-depressive, that low rates for a few years can inflate a monstrous bubble, while a few discouraging words from high officials can send them into a tailspin, this doesn\u2019t make the case that &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-189906","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\/189906"}],"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=189906"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189906\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}