It's not academic

Been pretty busy the last few days running around packing for the summer move/travels, but I thought I'd post up something Krugman said, since it's an important if depressing reminder that the economy is not an academic issue, it's not a political issue, it's a ongoing screwing of the under-25 set.  That's me, in case you were wondering.  Krugman:

"'For this generation of young people, the future looks bleak. Only one in six is working full time. Three out of five live with their parents or other relatives. A large majority — 73 percent — think they need more education to find a successful career, but only half of those say they will definitely enroll in the next few years.'

"Everything we know says that this generation will never — never — recover from the terrible job market into which it has graduated. But hey, we can’t do anything about that; we must have austerity, for the sake of the next generation.