Must-Read: As I first said back in 1995: Yes, Mexico had sinned against the Gods of Monetarism. But the punishment inflicted was way out of proportion to the initial sin, and strongly suggested deep fundamental flaws in the international macroeconomic order. The same is the case for Greece today. Paul Krugman: The Awesome Gratuitousness of … Continue reading Must-Read: Paul Krugman: The Awesome Gratuitousness of the Greek Crisis