Another common sense economics lesson
Prof. Paul Krugman explains some basic facts about how to stimulate an economy today. The column — entitled the “I-Phone stimulus” makes it so clear and simple that even politicians ought to be able to understand it.
The only problem, of course, with Krugman’s prescription is that it’s not based on the only politically viable strategy in the modern American plutocracy, i.e. giving even more money to rich people and large corporations.