The Economy Looks Better in Paul Krugman’s Neighborhood
Around here we take what Paul Krugman has to say seriously, which is probably why we’ve been so depressed lately. Alas (at last, even), the Nobel Prize-winning economist sees signs of hope — not in the numbers, but walking around the streets of New York and Princeton.
As Kaptain Krug himself points out, those neighborhoods are likelier to benefit from bonuses and bailouts, “but casual observation suggests a stronger recovery than anything I see in published numbers. Lots of small-scale construction — home remodeling, tear-downs replacing old houses. Many new businesses and restaurants filling storefronts that were vacant a couple of months ago.”
— PZSYour support matters…
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.