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Monday, March 30, 2009

THE EU-USA GAP IN FISCAL AND MONETARY POLICIES: WILL OBAMA BE ABLE TO BRIDGE IT?

The Answer to the Query in the Subject-Title

It's very unlikely, not least because that gap runs deep and wide and has been aggravated by excessive criticisms on both sides of the Atlantic . . . not to mention, if you're awaiting the G-20 meeting in London next week, by the growing discontent in China and India and some other developing countries with American and EU dominance of the international monetary and financial systems.

Click here for a lengthy prof bug buzzy commentary on this gulf, which you'll find at Professor Mark Thoma's Economist's View . . . a very good economic blog.  Note the general absence of evidence, never mind easy-to-muster economic quantitative data, to back up the arguments by Paul Krugman and the subsequent posters --- with one exception, the bugged-up  analysis left buzzing around the thread.  Run a search for "the buggy professor".