Liberal NY Times columnist and Nobel Prize winner calls European austerity measures 'victory of an orthodoxy that has little to do with rational analysis.'
If China's monetary policy hurts American employment by lowering cost of goods, wouldn't better U.S. technology also hurt jobs because they lower cost and labor needs?
Network CME Group floor reporter explains Keynesian tactics could lead to potential Greek austerity situation, but U.S. position with a reserve currency complicates problems.
