I THINK THE STRUCTURAL DAMAGE TO THE ECONOMY REQUIRES AN "OMEGA" STRAGEGY...CALL IT PLAN "Z"...
THE ABCs OF CLASSICAL KEYNESIANISM...NO LONGER APPLY...!!
I WISH KRUGMAN WOULD GET OFF THE OLD ORTHODOXY...AND START THINKING OUTSIDE THE BOX...
KEYNES WOULD NOT RECOGNIZE THE US ECONOMY AS BEING "SALVAGEABLE" BY KEYNESIAN METHODS NOW...
KEYNES ASSUMED THE BUCKET HAD A BOTTOM IN IT AND COULD BE "FILLED UP"...
THE US ECONOMY USED TO HAVE A HOLE IN THE BUCKET CALLED THE TWIN DEFICITS...
NOW...AFTER FREE TRADE...THE US ECONOMY IS A BUCKET WITHOUT A BOTTOM...
IT'S JUST THAT BAD...
KRUGMAN HAD BEST QUIT LIGHTING CANDLES BEFORE THE ALTER OF LORD MAYNARD... OTHERWISE HE IS GOING TO KEEP LOOKING FOOLISH AS THIS GREAT RECESSION PROGRESSES...
