September 21, 2008
The Bank Surge
I don’t understand economics or the current crisis. I thus don’t trust my own judgments about who to believe. But Paul Krugman’s concerns and analysis strike a chord. So do Eric Hovde‘s in the Washington Post.
Since I lack the education and background to understand the crisis and its context, I find myself thrown into rudderless thinking, where I find myself swayed by people who I already tend to agree with (= Krugman), who are able to pain a coherent picture, and whose broad premises seem in line with mine. In short, I feel pretty helpless not just about the crisis about even how to understand the crisis.
