WWII spending did not end the Great Depression

[USANick7]

http://culpeperrepublican.com/2012/07/25/one-of-the-great-fallacies-smashed/

I always found this to be an interesting argument from the left...as if unlimited government spending, even if the money isn't really there, can save the economy. Do they really think that the laws that govern economics at the micro level don't apply at the macro level?

Paul Krugman's popularity can only be explained in my mind by the fact that he does a fair job of dressing up failed economic theory/policy. I would have understood had he won the Nobel Prize for Sophistry...but Economics?

[Flagg]

http://culpeperrepublican.com/2012/07/25/one-of-the-great-fallacies-smashed/

I always found this to be an interesting argument from the left...as if unlimited government spending, even if the money isn't really there, can save the economy. Do they really think that the laws that govern economics at the micro level don't apply at the macro level?

Paul Krugman's popularity can only be explained in my mind by the fact that he does a fair job of dressing up failed economic theory/policy. I would have understood had he won the Nobel Prize for Sophistry...but Economics?

Might be worth having a look at Eric Janszen at iTulip.com.

Some really good analysis and a hard to beat track record.

There is a paywall. But most content is free and pretty much everything comes out the front of it over time.

Here's a link(which itself links thru to zerohedge) about Krugman having his head handed to him.

I wonder if the old slogan of "not trusting anyone over 30" should be updated to "dont trust anyone with a Nobel Prize(except hard sciences maybe)"? :)