BOOMERBUSTER

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Monday, September 6, 2010

RE KRUGMAN'S NYT 1938 AND 2010 ARTICLE

Great short essay.



Especially the part about getting out of the Depression being accidental.

Keynes' General Theory was not published until 36. The New Deal, an ad hoc series of good, but half measures, and still not major political reform.

The big purely lucky break was a war, but the really important thing was it was a war, most importantly, fought and won elsewhere.



Too bad, then, before then, and now, we have always been short intellectual power and political will. As I have pointed out, it has been a political systemic thing.

Nobody really touches it. Hardest thing in the world.

Real major redevelopment type political reform has been off the table for Americans since the Civil War, itself a fiasco.

They will go down, so to speak, with the ship.

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