Krugman on Geithner Bank Bailout – “The Zombie Ideas Have Won”
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Paul Krugman, Laureate of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008 at a press conference at the Swedish Academy of Science in Stockholm [Photo Wikimedia Foundation] Treasury Secretary Timothy Geithner [Photo: U.S. Government]
A zombie idea is an idea that you keep on killing because it’s a bad idea but it just keeps on coming back.
Bank of Sweden Prize winner1 and New York Times Columnist Paul Krugman on today’s Democracy Now! They aired before the formal announcement.
1‘The Bank of Sweden Prize’ is the correct name for what is popularly and incorrectly called ‘The Nobel Prize in Economics.’ The meaning and purpose of this premeditated mislocution will not comfortable fit in a footnote.
