QOTD: The shrill one
by digby
“The depression we’re in is essentially gratuitous: we don’t need to be suffering so much pain and destroying so many lives. We could end it both more easily and more quickly than anyone imagines — anyone, that is, except those who have actually studied the economics of depressed economies and the historical evidence on how policies work in such economies. . . .
“With a boost in spending, we could be back to more or less full employment faster than anyone imagines. . . .
“[T]he experience of Obama’s first term suggests that not talking about jobs simply because you don’t think you can pass job-creation legislation doesn’t work even as a political strategy. . . .”
— Paul Krugman, in “How to End This Depression,”
in the May 24 New York Review of Books