— 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?
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.