Admiting when I'm wrong...

Turns out Mr. Crook has written a good piece on the yuang-dollar balance. So apologies are in order, even if I don't necessarily agree with his conclusion. It also doesn't change the fact he is out of touch at least as far as the previous article is concerned. As Berkeley's DeLong points out in his article in the Atlantic Monthly it's not likely that boomers or many other American's are going to tolerate a drop in their standard of living. (More on that article later.)