Thread: Paul Krugman has truly gone fishing

Here’s the narrative you hear everywhere: President Obama has presided over a huge expansion of government, but unemployment has remained high. And this proves that government spending can’t create jobs.

Here’s what you need to know: The whole story is a myth. There never was a big expansion of government spending.

Our esteemed Nobel Laureate - Paul Krugman

If you feel compelled to read the piece... clicky

Here's a rebuttal by Charles Blahous.. clicky