KRUGMAN NEEDS TO GET AWAY FROM THE QUANTITY OF MONEY...AND START TALKING ABOUT THE VELOCITY OF MONEY...
WHICH IS ABOUT ZERO NOW IN THE US ECONOMY...WITH THE EXCEPTION OF SOME EFFORTS TO RESTORE THE STOCK BUBBLE...
IF ALL THE MONEY IS NOW "TRAPPED" IN INVESTMENT BANKS...AND IN CORPORATIONS...MORE MONEY WILL NOT SOLVE THE PROBLEM...
MORE "PRINTING" WILL ONLY INCREASE THE AMOUNTS OF DORMANT CASH LAYING AROUND ON BALANCE SHEETS...LOOKING FOR SOME ASSET CLASS TO INFLATE...OIL AND GOLD BEING THE BEST CANDIDATES...
OLD STORY...YOU CAN'T CURE A DRUNK...BY OFFERING HIM MORE BOOZE...!
