Ed Driscoll

Next Time, It's Sure To Work

“FDR’s policies prolonged Depression by 7 years, UCLA economists calculate.”

— Headline on 2004 UCLA press release.

“Random thought of the day: what if Lord Keynes was right . . . but only in 1932.”

— Megan McArdle, last year in the Atlantic.

Yesterday, Mikey Kaus flashed back to Paul Krugman praising the “Stimulus” in 2009 and quipped, “I can’t find the part where [Krugman] says ‘but in two years if it doesn’t work I’ll say it just wasn’t the right kind.'”

Isn’t that a given when it comes to the MSM?

Besides — would we really survive another application of “the right kind?” I mean, there’s getting it good and hard, as Mencken would say, and getting it this good and hard.

Related: In contrast, “The Forgotten Depression of 1920”

Or to put it another way, as Steven Hayward writes, “Mister, We Could Use a Man Like Warren Harding Again!”

Having already written that back in March, I certainly can’t argue with that. But it certainly bears repeating early and often.

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