re: #401 wlewisiii

Krugman is a classic Keynesian leavened with a healthy appreciation of monetarism ala Friedman and is at his best when he sticks to matters economic. This is a good explanation of the current situation.

I agree that as a political economist he is too polarizing and shrill to be perceived as anything other than a partisan.

But on this topic he has been consistent, and fairly critical of the Obama administration. He thought the stimulus was too small (and he said so at the time) and he thought that the most effective tool the government has for getting the economy out of the ditch is stimulative spending.

I have yet to see a contradictory analysis that makes any sense.