Those wicked free marketeers in the Bush administration! Paul Krugman (Oh, I forgot, Nobel Laureate Paul Krugman) has spotted the trouble: the Bushies are refusing to use the power they have seized in the markets because they still are beholden to laissez-faire: What’s happening, I suspect, is that the Bush administration’s anti-government ideology still stands in the way of effective action. Events have forced Mr. Paulson into a partial nationalization of the financial system — but he refuses to use the power that comes with ownership. Just what is the problem, according to the Good Doctor? It seems that the … Continue reading Dr. Krugman’s Prescription: FORCE Banks to Lend