Paul Krugman: The United States Is No Germany

Wednesday 18 August 2010

EDITOR'S NOTE: Truthout is proud to begin bringing you a twice-weekly Paul Krugman column, thanks to Paul's service, Krugman & Co. This is new material, not available from The New York Times. Happy reading! ms/TO

The debate regarding fiscal stimulus over the past year and a half has, frankly, made me despair at the state of the economics profession.

If others believe stimulus spending is a bad idea, fine.

But surely we should expect opponents of stimulus to engage in real debate, which means that they'd have to actually listen, just briefly, to what proponents of the argument are saying - in particular, that the case for stimulus has always been highly dependent on conditions on the ground.