Washington better get focused on jobs fast: Paul Krugman
(NEWSER) - For far too long, we’ve been preoccupied with “the wrong worries,” focusing on the deficit when we should have been working on job creation, writes Paul Krugman in the New York Times . Now we’re seeing the fallout from that misguidedness. “Those plunging interest rates and stock prices say that the markets aren’t worried about either US solvency or inflation. They’re worried about US lack of growth.” Unemployment ballooned between 2007 to 2009, and "you need a lot of job growth to make up the lost ground. And that just hasn’t happened,” Krugman notes. More»
