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Paul Krugman: The Euro Crisis Will End With Something ‘Impossible’ Happening

Originally posted on A different perspective:
In an exclusive interview, Paul Krugman — who just published a new book titled End This Depression Now! — tells us how the Euro crisis will end. He basically sees two possible outcomes, both of which are “impossible.” One possibility is that the ECB aggressively buys peripheral debt and caps the…

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Originally posted on Whistling In The Wind:
Once upon a time there was a car manufacturer. One day he proposed to double his workers wages. The business community was stunned. Was this man insane? A socialist? Did he not understand the laws of economics? Surely his business would instantly go bankrupt and nothing more would…