Oracle smack down: Krugman vs. Laffer

[quaker bill]

6. It is not a problem with Keynes

It is a problem with the elected officials that refuse to implement it. It is not natural and inevitable for politicians as a class to fail to take the country's best interest into consideration, but it is consistent conservative Republican behavior since Reagan.

When Cons attempt to run the economy, they leave half the tools out of the box. Deficit spending and tax increases to pay off the debt are very important tools, one to heat the economy up, the other to cool it off if it gets too hot.