Linkmeister

Got it, Professor

Brad DeLong expands his shrillness about the bond market and interest rates and concludes as follows

The claim is that we must move to fiscal austerity right now because:

• invisible people whom nobody can see perceive that somebody perceives that somebody else perceives that the exhaustion of U.S. debt capacity might be about to happen.

From which I infer that he thinks the claim that austerity is a necessity is nonsense. Posted by Linkmeister at June 30, 2010 12:57 PM | TrackBack