What hole did this jackass crawl out from?
“To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that….Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.”
–Paul Krugman, August 02, 2002
It should be noted that not only did Krugman promote the creation of a housing bubble, also that he’s such a lousy economist that he didn’t think one could be created!