Tuesday, August 24, 2010

Time Horizons: Dueling Economists Edition

More evidence of FLG's time horizons theory from Raghu Rajan:
before I start, let me declare that I am as much for getting out of this recession as anyone else. However, I would like to get out of this recession in a way that is sustainable, that does not merely pump up growth in the short term only to see it collapse later. This is where Krugman and I differ the most.

At this point, FLG feels that y'all get his theory. Next, he needs to make the compelling case that it applies beyond simply economics.

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