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Thursday, January 1, 2026

Krugman’s “Smoot-Hawley Moment”

Courtesy of Bruce Krasting.

 

I’m constantly amazed at the things Paul Krugman has to say. This guy is on the top of the list of global economic thinkers. He has all of the credentials, and a huge platform to spin his views of what’s good and bad, and what should be done next. PK’s OpEd in the Times today is another example. (Link)

PK does a summary of Cyprus. I believe he has all of the facts straight, and I agree with him when he says:

 

Global capitalism is, arguably, on track to become substantially less global.

 

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