I read Paul Krugman, and I want to sharply dissent: Paul Krugman: Did Inflation Phobia Cause the Great Recession?: “Even avoiding the financial panic almost surely wouldn’t have meant avoiding a prolonged economic slump. How do we know this? Well, what we actually know is that the panic was in fact fairly short-lived, ending in … Continue reading No, I Really Do Not Think That We Were Doomed to the Lesser Depression Plus the Greater Stagnation: I Think Paul Krugman Gets One Wrong Here…: Monday Focus: March 24, 2014