Jul. 28th, 2012

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Paul Krugman can't make up his mind ("EMU Gets Ostrichized"):

Or maybe head in the sand isn't the right metaphor — maybe it's deer in the headlights, with policy makers paralyzed as it all goes wrong. Anyway, I'm with Tim Duy: I'm losing confidence in European leaders, which is hard because I had hardly any confidence to start with.
And if you click Krugman's Tim Duy link, you get Duy saying:

The devastating train that is the debt crisis keeps rolling right along, currently crashing through Spain's economy.
— which of course is an allusion to the venerable Slow-Motion Train Wreck.

But fortunately I'm not running into Kicking The Can Down The Road this time, not where I'm looking; that was always a problematic metaphor anyway. Not that it's never apt, but the tendency is for it to be appropriated by Fake Adults who look and feel mature when they're ignorantly demanding that we need to ward off inflation NOW, and solve debt problems by immediately cutting spending, etc.

Whatever it takes )

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Frank Kogan

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