Paul Krugman: Markets Telling Us Washington's 'Prejudices' Are Wrong

The New York Times:

Four years ago, as a newly elected president began his efforts to rescue the economy and strengthen the social safety net, conservative economic pundits ? people who claimed to understand markets and know how to satisfy them ? warned of imminent financial disaster. Stocks, they declared, would plunge, while interest rates would soar.

Read the whole story at The New York Times

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Source: http://www.huffingtonpost.com/2013/03/08/paul-krugman-markets-tell_n_2836193.html