Yglesias

Count Zero

CREDIT:

The Federal Reserve is bringing interest rates all the way down in what’s either a sign that we’re heading into Total Economic Doom or else that timely Fed reaction will save us from Total Economic Doom. See Paul Krugman for insightful commentary and the observation that Zero Interest Rate Policy has a funny acronym.

Meanwhile, it looks like Angela Merkel is to some extent backing off her determination to play Herbert Hoover.