Repost: Comments on Krugman
July 19, 2009 at 18:14 PM EDT
[Skip to the end] Originally posted March 9th, 2009 Yes, but unspoken is the automatic stabilizers are quietly adding to the deficit with each move down, and the curves will cross and the economy start to improve when the deficit gets large enough, whether it’s the ugly way via falling revenues and rising transfer payments, or [...]
