KRUGMAN ASSUMES THAT THE PROBLEMS ARE 'FISCAL'... NOT MONETARY...
BUT WHAT IF THE PROBLEM IS STRUCTURAL AS I HAVE INDICATED...?
BECAUSE THERE HAS BEEN NO LACK OF BOTH FISCAL AND MONETARY STIMULUS OVER THE LAST TEN YEARS... ( OF COURSE THIS LITTLE FACT IS ALWAYS IGNORED IN THE CURRENT DEBATE...)
THE MASSIVE STRUCTURAL TRADE DEFICIT WILL NOT BE CURED BY FISCAL POLICY...IT WILL BE MADE WORSE!
THE LACK OF A MODERN HEALTH CARE SYSTEM IS NOT FISCAL...ITS' STRUCTURAL AND IS CAUSING MASSIVE FLIGHT OF MANUFACTURING OUT OF THE US ECONOMY...
THESE ARE MAJOR FACTORS THAT ARE BEING IGNORED AS ECONOMISTS LIKE KRUGMAN LIGHT CANDLES BEFORE THE ICON OF SAINT MAYNARD OF KEYNES!!
