KRUGMAN CONTINUES TO WORSHIP AT THE ALTAR OF ST. MAYNARD...
AND THAT IS FINE AS FAR AS IT GOES...
BUT WHAT I DON'T GET IS THAT IF OBAMA GIVES ME $600 TO SPEND...AND I BUY A CHINESE MADE FLAT SCREEN TV...HOW EXACTLY DOES THAT HELP THE AMERICAN ECONOMY...?
OK...THE TRUCK DRIVERS AND BEST BUY GET A ONE SHOT BOOST...BUT THEN WHAT...
THE POINT IS THAT KEYNES WAS TALKING ABOUT BUSINESS CYCLES...NOT STRUCTURAL COLLAPSES OF THE MACRO ECONOMIC EQUILIBRIUM...!!
KRGUMAN NEEDS TO TALK ABOUT THAT ISSUE FOR A WHILE...
AND SHOW ME WHY I'M WRONG ABOUT MY CHINESE TV...!
