Economy

Shlaes Corrects Krugman

By Daniel Halper

Published September 7, 2010 3:14pm ET

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Shlaes Corrects Krugman — Former Enron adviser Paul Krugman’s Labor Day column essentially boiled down to this argument, according to Amity Shlaes: Dr. Krugman depicts 1937 as a year when FDR tried to slash the deficit. Dr. Krugman suggests that stimulus, especially fiscal stimulus, ought to have been applied. Instead, the Roosevelt administration “pulled back stimulus too soon.” Voters […]

Former Enron adviser Paul Krugman’s Labor Day column essentially boiled down to this argument, according to Amity Shlaes:

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