EdwardBaiamonte
Platinum Member
- Nov 23, 2011
- 34,612
- 2,153
- 1,100
The shit Krugman advocates for has never worked in the history of the world.
The easiest way to settle the debate between the Keynesians, like Krugman, who believe that more government spending or monetary easing by the Fed will generate economic growth and the group of economists, like me, who are arguing for less government as the solution is to look at the economy.
Since the start of the recession in 2007, the federal government has added more stimulus spending to combat the recession than in all previous recessions combined, even after adjusting for inflation. At the same time, the Federal Reserve has quadrupled its balance sheet in an attempt to boost the economy through loose monetary policy. Yet, the recovery from the recession is the weakest of any post-WW II recovery.
Paul Krugman Is Wrong Even When He Is Right - Forbes