sent2null space

I was sent by a friend on Facebook to this article and started writing a response, it was getting involved so I decided to blog it instead. First, note his use of the terms "insufficient deficits" he's putting words in Krugman's mouth by equating (conflating) the idea of spending in order to boost employment and thus help kick the economy out of the duldrums with an amorphous general idea of a "deficit" which every one agrees is a bad thing from the sound of it. However, the spending of mere few billion that was done nation wide in the early 50's on the US highway program (which aided the deficit as they were spending without an immediate eye to profit) returned in the succeeding decades trillions of dollars....in fact the facilitation of the inter continental commerce industry boosted the US economy and continue to explain much of it's success in comparison to nations that do not have such a built up commerce infrastructure. "Do K...