Smug Krugman's advice, followed, failed.

a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhduxQbgZUP_-ETrKsVr2pSrX5yiBCl6iBIVBpKMJdmZUruYRQcyzroi6nDJnydPEoXdKKfpeHfUTgDMqZbvKIuBUOJkG6k9LnE3nxna6qLTtGfwxl2HAidEJsws2248mPxUrXTh5R4kxvI/s1600-h/krugman.jpg"img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 200px; height: 200px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhduxQbgZUP_-ETrKsVr2pSrX5yiBCl6iBIVBpKMJdmZUruYRQcyzroi6nDJnydPEoXdKKfpeHfUTgDMqZbvKIuBUOJkG6k9LnE3nxna6qLTtGfwxl2HAidEJsws2248mPxUrXTh5R4kxvI/s200/krugman.jpg" alt="" id="BLOGGER_PHOTO_ID_5348036813465429906" border="0" //aPerhaps my least favored columnist at the span style="font-style: italic;"New York Times/span is the smug Paul Krugman. Krugman, in my opinion, is one of the least honest columnists around. So it is with some amusement that I read span style="color: rgb(255, 0, 0);"w/spana style="color: rgb(255, 0, 0);" href="http://www.nytimes.com/2002/08/02/opinion/dubya-s-double-dip.html?scp=1amp;sq=%22To%20fight%20this%20recession%20the%20Fed%20needs%20more%20than%20a%20snapback%22amp;st=cse"hat he said/a on August 2, 2002.br /blockquotespan style="font-style: italic;"The basic point is that the recession of 2001 wasn't a typical postwar slump, brought on when an inflation-fighting Fed raises interest rates and easily ended by a snapback in housing and consumer spending when the Fed brings rates back down again. This was a prewar-style recession, a morning after brought on by irrational exuberance. To fight this recession the Fed needs more than a snapback; it needs soaring household spending to offset moribund business investment. And to do that, as Paul McCulley of Pimco put it, span style="font-weight: bold;"Alan Greenspan needs to create a housing bubble/span to replace the Nasdaq bubble./span/blockquotebr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdWGThkriA5MrpEfpCzhn-84lLj30LJluZlYMz-ByMfJzI1VDFHosMA1bm3A3aVB7zF8A7wBTgU3k0iwdWMuD7EhZvwKiyA2pe2FSSws9ZCKik2VXFBM-i_-goU2vn0ykDPh8YTaGMFhGx/s1600-h/evil2.jpg"img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 182px; height: 200px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdWGThkriA5MrpEfpCzhn-84lLj30LJluZlYMz-ByMfJzI1VDFHosMA1bm3A3aVB7zF8A7wBTgU3k0iwdWMuD7EhZvwKiyA2pe2FSSws9ZCKik2VXFBM-i_-goU2vn0ykDPh8YTaGMFhGx/s200/evil2.jpg" alt="" id="BLOGGER_PHOTO_ID_5348037195418396050" border="0" //aGot that? Krugman's solution to a downturn in the economy in 2002 was to "create a housing bubble." To quote the obnoxious Dr. Phil: "How's that working for you?"br /br /Of course, the Left still worships Krugman.div class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/23782041-4101484888249658876?l=freestudents.blogspot.com'//div

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