Uncertainty cubed

摘要

The April 6, 2009 issue of Newsweek featured economist Paul Krugman (or, at least, the lower-right quadrant of his face).rnThe headline was "OBAMA IS WRONG: The Loyal Opposition of Paul Krugman."rnKrugman surely has his doubts as to the wisdom of the president's economic policies. In a column in the New York Times in February, he wrote:rnSo far the Obama administration's response to the economic crisis is all too reminiscent of Japan in the 1990s: a fiscal expansion large enough to avert the worst, but not enough to kick-start recovery; support for the banking system, but a reluctance to force banks to face up to their losses.