Tuesday, January 20, 2009

Lest you think I disagree with Krugman too much

Krugman makes the obvious point that being fixed to the Euro hardly imunizes you from financial crises.

http://krugman.blogs.nytimes.com/2009/01/19/the-pain-in-spain/

I still do not get Willem Buiter's pamphleting for the UK joining the Eurozone.  This post was more softly stated than normal.  



John Hempton
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1 comment:

  1. John HaskellJanuary 20, 2009 at 1:59 PM

    You "don't get" Buiter's point of view because Buiter is just wrong.

    I applaud your effort to back your intuitively correct views with some models. However a lot of things can be "proven" with models- as Alan Greenspan has shown us.

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