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A análise de padrões de comércio e de localização da actividade económica tem certamente muito que se lhe diga do ponto de vista técnico, desde que não seja eu a dizê-lo. Mas do ponto de vista do debate público é certamente de louvar que Paul Krugman, o homem que escreveu isto enquanto era tempo…

How bad will that aftermath be? The U.S. economy is currently suffering from twin imbalances. On one side, domestic spending is swollen by the housing bubble, which has led both to a huge surge in construction and to high consumer spending, as people extract equity from their homes. On the other side, we have a huge trade deficit, which we cover by selling bonds to foreigners. As I like to say, these days Americans make a living by selling each other houses, paid for with money borrowed from China.

Paul Krugman, Greenspan and the Bubble, Agosto 2005.

…tenha ganho o Prémio Nobel da Economia 2008.

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