Skip to content

Rowe’s comments on Krugman

January 6, 2011

Although I basically agree with Krugman’s view on the recent Irish crises, I found his comparison of a EU country with US states (here and here) a bit implausible, but I did not know why.

Now the surprisingly obvious answer is provided by Nick Rowe:
The FED is a much better lender of last resort than the ECB.

Advertisements

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: