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2008-12-29 — blogspot.com
Keynesian economists, for which Krugman is the high priest, believe that it is possible to spend one's way out of a recession even though it was excessive spending that caused the boom and the subsequent bust. We tried it Krugman's way once already, and the result was a housing (credit) bubble of epic proportion. Not having learned a damn thing, the typical Keynesian response is to attempt to create an even bigger bubble. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |