Paul Krugman’s column sometimes makes me think of a slow-pitch softball pitcher nonsensically called up to the big leagues:
Politicians who always cater to wealthy business interests say that economic recovery requires catering to wealthy business interests. Who could have imagined it?
That’s true. And there is even a corresponding truth. Economists who always cater to banks and government say that economic recovery requires more bank credit and more spending by government. Who could imagine that either?