Monday, October 11, 2010

Krugman: "There never was a big expansion of government spending."


Paul Krugman:
Here’s what you need to know: The whole story is a myth. There never was a big expansion of government spending. In fact, that has been the key problem with economic policy in the Obama years: we never had the kind of fiscal expansion that might have created the millions of jobs we need. MORE...
Howie P.S.: Krugman won a Nobel prize in economics, so I'm just going to assume he's got his numbers right.

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