Source of astounding graph: Gateway Pundit. HT: Instapundit.
But the answer for the Keynesian crackheads like Paul Krugman is to do more of what isn't working. One of the mistakes of the Keynesians is assuming the multiplier effect number is the same as it's historically been, when people currently are scared and are trying to pay down their debt, which it too high. I learned this from this economic discussion about the departure of ivory tower economist Christina Romer.
But the answer for the Keynesian crackheads like Paul Krugman is to do more of what isn't working. One of the mistakes of the Keynesians is assuming the multiplier effect number is the same as it's historically been, when people currently are scared and are trying to pay down their debt, which it too high. I learned this from this economic discussion about the departure of ivory tower economist Christina Romer.
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