krugman spells it out in his latest op-ed in the new york times, gordon brown may have saved the world. too bad that no one in britain reads the NYT. gordo’s popularity ain’t high. recognition isn’t an issue for krugman, though, he’s just got the nobel prize.
i flew back from washington last night. what was an empty flight a few days ago was jammed with civil servants and ministers coming back from the crisis meetings at the white house. one couldn’t help overhearing a few things. suffice to say that the view was that america was finally getting it. the outlook is bad, very bad. everyone sees it now, and there was optimism that they now saw it gordo’s way.