Re: [Pen-l] PK on Reagan

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] PK on Reagan
From: Laurent GUERBY <laurent@xxxxxxxxxx>
Date: Mon, 01 Jun 2009 22:49:06 +0200

Paul Krugman wrote:
> Household debt was only 60 percent of income when Reagan took
> office, about the same as it was during the Kennedy administration. By
> 2007 it was up to 119 percent.

Did Paul Krugman warn about this, and if so when did he start?

Not looking at private debt massive increase and excessive attention to
minor changes in public debt is a collective failure of economists.

Laurent

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References:
- [Pen-l] PK on Reagan
  - From: Jim Devine

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Thread context:
- [Pen-l] a preeminently predictable "pickle", Jim Devine Mon 01 Jun 2009, 15:08 GMT
- [Pen-l] PK on Reagan, Jim Devine Mon 01 Jun 2009, 14:40 GMT
  - Re: [Pen-l] PK on Reagan, Michael Perelman Mon 01 Jun 2009, 15:30 GMT
    - Re: [Pen-l] PK on Reagan, Dan Scanlan Mon 01 Jun 2009, 17:24 GMT
  - Re: [Pen-l] PK on Reagan, Laurent GUERBY Mon 01 Jun 2009, 20:16 GMT
- [Pen-l] "Cheat Neutral", Jim Devine Mon 01 Jun 2009, 14:30 GMT
- [Pen-l] Are we in a post-racial America?, Louis Proyect Mon 01 Jun 2009, 13:50 GMT
- [Pen-l] Neo-Liberal Economic Policies in the United States, Louis Proyect Mon 01 Jun 2009, 13:04 GMT
  - Re: [Pen-l] Neo-Liberal Economic Policies in the United States, Jim Devine Mon 01 Jun 2009, 16:49 GMT

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