China Syndrome II, Economics and Krugman
Several worthwhile posts on the economy.
Paul Krugman writes about China’s wobbly economy and follows up with more evidence that economic stimulus is needed and that austerity doesn’t work.
Business Insider columnist Mamta Badkar looks into China’s economy and we wonder if China is the next domino in the global economic fall. Ironically, it looks like real estate will be China’s Achilles Heel too.
Back to Krugman, read his blog on Keynes but also check out Dean Baker at CEPR Center for Economic and Policy Research for how even smart people (Paul Samuelson) who don’t want to admit Keynes is right continue to oppose economic stimulus. Shame.