“ Indeed, it is now clear that the right-wing objection to the policies of the Obama administration was not an objection to fiscal policy as an inappropriate policy modality for stabilizing nominal spending. It was, instead, an objection to the very idea that the government should try to serve as a stabilizing macroeconomic balance wheel.
Paul Krugman on the Axis of Depression - Grasping Reality with Both Hands
Paul Krugman on the Axis of Depression - Grasping Reality with Both Hands
