Paul Krugman! Paul Krugman!

[lsanderson]

The Market Mystique
By PAUL KRUGMAN
Published: March 26, 2009

On Monday, Lawrence Summers, the head of the National Economic Council, responded to criticisms of the Obama administration’s plan to subsidize private purchases of toxic assets. “I don’t know of any economist,” he declared, “who doesn’t believe that better functioning capital markets in which assets can be traded are a good idea.” More