"How can I know what I think until I read what I write?" – Henry James


There are a few lone voices willing to utter heresy. I am an avid follower of Ilusion Monetaria, a blog by ex-Bank of Spain economist (and monetarist) Miguel Navascues here.
Dr Navascues calls a spade a spade. He exhorts Spain to break free of EMU oppression immediately. (Ambrose Evans-Pritchard)

sábado, 26 de mayo de 2012

Krugman hoy

Krugman, ese delincuente sin piedad que según Montoro (el gigante de la economía, el que nunca yerra) desencadeno la huida de depósitos (que se preparen el lunes); Krugman, digo, sale entrevistado en el Mundo y el FT (mas incisiva esta ultima, hecha por Martin Wolf) de la que entresaco:

We return, inevitably, to the topic of the day. Would he conclude that the European currency union was a mistake? “Yes, I think we’ve been asking, whose fault is this crisis? And I think it was basically fated, from the day the Maastricht Treaty was signed. Now, I think it might be rescuable with a higher inflation target, which is a poor second best to having a fiscal union. But no, the setup is fundamentally not workable."

Y otra cosa que también me hablen leído varias veces:

Wat is interesting is that the euro itself created the asymmetric shocks that are now destroying it [via the capital flows it engendered]. Not only have they created something incapable of dealing with shocks but the creation engendered the shocks that are destroying it.”

Y, finalmente, es el Tratado de Maastritch una novela posmordena?

He responds: “I remember there was a humorous column in the Independent which would have been in about 1992 or thereabouts, about the decision to give the Booker Prize to the Maastricht Treaty – a postmodern novel in strict treaty form. And throughout the novel one senses, in the background, powerful forces with unknown motives. Who are these forces, what do they want? We never learn.

Me he descargado su libro (ya está en español para los interesados. Pero en ingles es más barato) End this Depression Now! Que ya iré comentando. La entrevista, no se la pierdan.

( mi mujer esta cabreada, pues cree lo que dice Montoro y que PK Es un rufián. Como me pille...)

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