5/03/2011

Damper

Good, and good riddance. But it’s hard to see how it changes anything important.
- Paul Krugman on Osama bin Laden's death
... the most significant way in which bin Laden's death could achieve positive macroeconomic change is by boosting the general sense of confidence Americans have in the future. A less scary world -- one in which, as economists like to say, "there is a net reduction in risk premia" -- is a world in which people feel more secure, and more willing to take entrepreneurial chances. It will be of enormous benefit to Obama and the economy if Americans attribute that sense of security to the notion that their president knows what he is doing.
- Andrew Leonard expressing the dissenting "glass half full" opinion