Thursday, August 4, 2011

Clear refutation of right wing economic analysis.

Paul Krugman marshals the evidence that his Keynesian analysis of the economy—that we are in a liquidity trap, and government spending won't raise interest rates—has proven large correct. The Wall Street Journal's persistent RepubliCON view that government spending would increase interest rates and inflation has proven wrong again and again.

Now explain to me again why Obama doesn't mention this?

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