08 Dec 2008

Krugman Talks Sense (though ungrammatically)

All Posts No Comments

I can’t believe it; Krugman is against a bailout for the Big Three and says such a transfer would merely be a short-term solution reflecting a lack of willingness to accept the failure of a large industry. (HT2 Pepe) But look at this:

Nobel economics prize winner Paul Krugman said Sunday that the beleaguered U.S. auto industry will likely disappear.

“It will do so because of the geographical forces that me and my colleagues have discussed,” the Princeton University professor and New York Times columnist told reporters in Stockholm. “It is no longer sustained by the current economy.”

Am I just hypercritical of the guy, or are those two sentences absolutely horrid?

Comments are closed.