Bear in mind, too, that experience has made it painfully clear that men in suits not only don’t have any monopoly on wisdom, they have very little wisdom to offer. When talking heads on, say, CNBC mock the protesters as unserious, remember how many serious people assured us that there was no housing bubble, that Alan Greenspan was an oracle and that budget deficits would send interest rates soaring.
Uhh, like Paul Krugman said himself:
So what? Two years ago the administration promised to run large surpluses. A year ago it said the deficit was only temporary. Now it says deficits don't matter. But we're looking at a fiscal crisis that will drive interest rates sky-high.
Now Krugman is chiming in on the Occupy Wall Street protests.
Consider first how Republican politicians have portrayed the modest-sized if growing demonstrations, which have involved some confrontations with the police — confrontations that seem to have involved a lot of police overreaction — but nothing one could call a riot. And there has in fact been nothing so far to match the behavior of Tea Party crowds in the summer of 2009.
Seattle police arrested 25 people on Wednesday as they clashed with protesters and hauled away tents. The protest continued after arrests were made.
Wednesday's showdown — in one of downtown's most popular gathering spots — began just after lunchtime, as some demonstrators refused a city order to remove the tents.
Several influential New York state lawmakers have received threatening mails saying it is “time to kill the wealthy” if they don’t renew the state’s tax surcharge on millionaires, according to reports.
“It’s time to tax the millionaires!” reads the email, according to WTEN in Albany. “If you don’t, I’m going to pay a visit with my carbine to one of those tech companies you are so proud of and shoot every spoiled Ivy League [expletive] I can find.”
These are the shocking scenes that have led some people to accuse the Occupy Wall Street protesters living rough in New York's financial district of creating unsanitary and filthy conditions.
Exclusive pictures obtained by Mail Online show one demonstrator relieving himself on a police car.
Elsewhere we found piles of stinking refuse clogging Zuccotti Park, despite the best efforts of many of the protesters to keep the area clean.
Thousands of Occupy Wall Street protesters swarmed the Brooklyn Bridge Saturday, shutting down car lanes and setting up yet another tense showdown with the NYPD.
Roughly 700 people were arrested after standing in the roadway, blocking the Brooklyn-bound lanes. Traffic in the opposite direction was slowed -- but still running after the 4 p.m. standoff.