What Obama Must Do // PAUL KRUGMAN

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What Obama Must Do
A Letter to the New President
PAUL KRUGMAN

クルーグマンが、Rolling Stoneに大統領あての公開書簡を発表している。おもしろいのは、お得意の人為的インフレ政策をついに放棄したことだ：
Ben Bernanke and his colleagues are trying everything they can think of to unfreeze the credit markets.[...] But at best, all this activity only serves to limit the damage. There's no realistic prospect that the Fed can pull the economy out of its nose dive. So it's up to you.ゼロ金利にも「量的緩和」にも市場が反応しない以上、FRBにできることはもうない（インフレ目標には言及もしていない）。したがって、オバマが（財政政策で）アメリカを救うしかない。
Can you do anything like that today? Yes, you can. [...] And the truth is that you will, in a way, be engaging in temporary nationalization.