Paul Krugman och Robin Wells saknar inte mod. I NY Review of Books läste jag på pendeltåget i dag hur de eldar på och tycker länder lugnt kan skuldsätta sig ännu mer för att komma ur krisen. I första hand tänker de på USA, förstås, men även Europa.

"In the months immediately following the failure of Lehman Brothers, policymakers seemed to understand that we had entered a world in which the usual rules no longer applied—a world in which running huge budget deficits was an act of prudence, not folly, in which large-scale purchases of debt by central banks were a virtue, not a sin. But that understanding faded fast. Unconventional policies are as badly needed as ever; but policymakers have lost their nerve. Urged on by far too many policy intellectuals, they have reverted to conventional modes of thought."

De avslutar så här:

"The economic crisis that began in 2008 is by no means over. And if governments fail to act, the worst may be yet to come."