BUSINESS
05/23/2011 08:48 am ET | Updated Jul 23, 2011

Krugman: European Central Bank Not Facing 'Failure Of Its Fantasies'

I often complain, with reason, about the state of economic discussion in the United States. And the irresponsibility of certain politicians — like those Republicans claiming that defaulting on U.S. debt would be no big deal — is scary.

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