What we’re learning from Georgia (or The end of the Pax Americana?)
In his latest column, Paul Krugman raises the question as to whether the current events in Georgia represent an “omen” of things to come. In doing so, Krugman recalls British economist John Maynard Keynes from 1919:
“The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole [...]