hvogel Wrote:
Jul 31, 2012 8:10 AM
For a supposedly smart man, Krugman says some astoundingly stupid things. Prior to the "stimulus," Krugman wrote that the government would have to spend a whole lot of money, something like $600 billion, for the stimulus to have an effect. Yes, Krugman gave a very specific figure. Two years later, after the government had run through the $800+ billion in stimulus spending, Krugman wrote that the stimulus was bound to fail because, as he's written in past, they just didn't spend enough money. This, even though the stimulus was over 30% larger than he originally said it had to be. Apparently, not even Krugman reads his columns...