At least during the first semester, Mr. Park did a good job of letting us know who wrote our textbook. He was helped, of course, by the requirment that we visit its website every week and also by the mere fact that the co-author Paul Krugman, between winning a Nobel Prize, writing for the New York Times, and teaching at Princeton, is famous. Among these accomplishments and positions, Krugman is also known for being an outspoken liberal. In fact, among the mere Bush-bashing that is widespread, Krugman has called for an actual investigation of the previous president's administration.
It is for this reason that I was puzzled to see Krugman on the cover of Newsweek next to the ultimatum "Obama is wrong." http://www.newsweek.com/id/191393 "Yes, I know that," I thought to myself, "But you're the last person who I thought would admit that, Paul." This bold statement seemed strange coming from the man I've gotten to know from an argument he had with Bill O'Reilly (I admit he held his own) and the already mentioned exposure from Mr. Park. I was happy nonetheless, for it showed that even far-left liberals think Obama's wrong. Somewhere at UC Berkely, a radical elitist is saying,"Et tu Paul Krugman?"
As I read the article, however, things started to make sense. Krugman doesn't think Obama is moving in the wrong direction (towards socialism) but that the president should inflict sweeping reform on the economy, starting with nationalizing banks, and stop propping up what's becoming an "economic abyss."
Krugman would like to see the United States a Sweden of the western hemisphere, drawing attention to that country's "successful" nationalization of their banks. Although he didn't have an answer to how such a policy would be implemented in such a large, bank abundant country like the US (we have about 8,000), at least Krugman is honest and transparent as to what he wants to do. While Obama is propping up a capitalistic economy with socialistic solutions, Krugman is calling for a full fledged shift towards socialism.
Hey Mr. Park, if you get a book in the mail with a hammer and sickle on it, don't worry. It's just the updated edition of Economics from Krugman and Wells.
It is for this reason that I was puzzled to see Krugman on the cover of Newsweek next to the ultimatum "Obama is wrong." http://www.newsweek.com/id/191393 "Yes, I know that," I thought to myself, "But you're the last person who I thought would admit that, Paul." This bold statement seemed strange coming from the man I've gotten to know from an argument he had with Bill O'Reilly (I admit he held his own) and the already mentioned exposure from Mr. Park. I was happy nonetheless, for it showed that even far-left liberals think Obama's wrong. Somewhere at UC Berkely, a radical elitist is saying,"Et tu Paul Krugman?"
As I read the article, however, things started to make sense. Krugman doesn't think Obama is moving in the wrong direction (towards socialism) but that the president should inflict sweeping reform on the economy, starting with nationalizing banks, and stop propping up what's becoming an "economic abyss."
Krugman would like to see the United States a Sweden of the western hemisphere, drawing attention to that country's "successful" nationalization of their banks. Although he didn't have an answer to how such a policy would be implemented in such a large, bank abundant country like the US (we have about 8,000), at least Krugman is honest and transparent as to what he wants to do. While Obama is propping up a capitalistic economy with socialistic solutions, Krugman is calling for a full fledged shift towards socialism.
Hey Mr. Park, if you get a book in the mail with a hammer and sickle on it, don't worry. It's just the updated edition of Economics from Krugman and Wells.
2 comments:
That is the liberal criticism that Obama is facing. Not unlike the two-front war that Germany unwisely pursued, Obama is going to have to address concerns from the left for not going all out and answer to conservatives who think he is Joe the Socialist.
I dreamt that I met Krugman and talked to him about his feud with Obama. I then met Obama and proceeded to take him with me as a guest to a club meeting in which we all saw a movie together. I secretly wondered why no Secret Service was with him.
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