Credibility, Chutzpah and Debt

By PAUL KRUGMAN

Published: August 7, 2011

Paul Krugman presenta en este artículo imprescindible una ácida crítica de la calificadora americana Standard & Poor's reconociendo al mismo tiempo que los Estados Unidos de hoy no son el País que fue en otro tiempo.

To understand the furor over the decision by Standard & Poor’s, the rating agency, to downgrade U.S. government debt, you have to hold in your mind two seemingly (but not actually) contradictory ideas. The first is that America is indeed no longer the stable, reliable country it once was...