Krugman's URL, Policy, Style, etc.

["John Gelles" <jjgelles@xxxxxxxx>]

	Krugman's URL is
	http://web.mit.edu/krugman/www/whatsnew.html

	His style is grand, in the popularizing tradition of
	John Kenneth Galbraith. James Galbraith writes
	in much the same tradition -- as do others, including
	journalists who specialize in economics -- all of
	whom are too numerous to name.

	Everyone on this forum can write in that style,
	perhaps not as smoothly, if only he tries. It is a
	necessary style to reach voters.

	(Having to go plural or say "he or she" all the
	time makes it a	bit harder these days.)

	Krugman's policy (if right of some on PKT) is left
	enough to do the job at the moment:  Fiscal policies
	to spend more and tax less will get the most out of
	the Japanese, American and European engines.

	Asian, Russian, and Latin American engines need
	more attention to anti-corruption, and anti-monopoly
	laws, and to government strategic management. Then
	the above fiscal policies will work too.

	If fiscal policy, (including laws to guarantee jobs and
	higher wages,) is used to accomplish common sense
	agendas, monetary policy can be left to independent
	central banks, their professional economists and
	econometricians, (like a good many PKT'rs,) and
	their gut-feelers, like Chairman Greenspan.

	Their charter ought to read -- We, the lawmakers
	set the stage with zero unemployment and ongoing
	attention to an increasing minimum wage. You,
	the central bankers, try to hold down inflation as
	much as possible. If you are failing, we enact a
	compulsory saving plan that will suck as much
	demand from the market as Paul Volker did with
	high interest rates. Simultaneously, we will subsidize
	automation until supply drives prices down and
	savings can be freed for greater spending.

	I wrote last night that lawmakers stink -- implying
	the above scenario will never happen. I do devote
	my time and writing to make it happen. James
	Olsen misunderstood my purpose. The good things
	won't happen unless the voters make them happen.

	That is the lesson of the nonsense in Washington
	all week, And, without an attempt to imitate the
	Krugman/Galbraith style, our efforts in PKT will
	never reach the voters.

	     John Gelles       jjgelles@xxxxxxxx
		http://www.1944.org
		http://www.rain.org/~jjgelles/