Krugman’s Bathtub Economics

It is fortunate that Paul Krugman writes a column for New York Times readers who want the party line sans all the economist jargon and regression equations. So here is the plain English gospel straight from the Keynesian oracle: The US economy is actually a giant bathtub which is constantly springing leaks. Accordingly, the route to prosperity everywhere and always is for agencies of the state---especially its central banking branch---to pump "demand" back into the bathtub until its full to the brim. Simple.....
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