[lbo-talk] Krugman: "The question then is why."

[// ravi]

On Jan 26, 2012, at 4:16 PM, Jordan Hayes wrote:
> And I still stand by this:
> 
>> The other thing to consider is this: if Summers *had* been
>> for more stimulus back then, don't you think we would have
>> gotten it?

And yet :-) you left out the money part:


> Instead, the memo argues that a bigger stimulus would be counterproductive in economic terms, because of the “market reaction”. That is, Summers et al were afraid of the invisible bond vigilantes.

	—ravi