links for 2010-05-30

Paul Krugman: The Pain Caucus

PK: "[T:]he O.E.C.D. is saying right now is that policy makers should stop promoting economic recovery... this recommendation... seems disconnected... from the organization's own economic projections... he O.E.C.D. declares that interest rates in the United States and other nations should rise sharply... to head off inflation. Yet inflation is low and declining, and the O.E.C.D.'s own forecasts show no hint of an inflationary...