If you don't understand Krugman's analogy, you're not worth talking to. Do you understand Krugman's analogy (whether you agree with it or not)?
Of course I understand it...and I stand by my assertion that it's a sign of the man's complete desperation. No amount of spending is ever enough. All for the very same reasons why your comment was just as desperate. The government can throw trillions at the problem, but outside of the growth in the public sector, private businesses (who also may or may not benefit from record low rates) will probably decide that it's in their best interest to simply play wage arbitrage and employ thousands in some third world country. Of course your answer along with every other leftist armchair economist seems to be to continue to grow the public sector as a means to fight record unemployment. It doesn't matter that it's a tax on the private sector and steals growth, that's immaterial to guys like yourself.
btw, if I were you I wouldn't start issuing ultimatums like this. You've been thoroughly trounced in just about every economics thread on this forum.
What did I just write above? Do YOU understand Krugman's analogy or not? Playing "Ricter the Riddler" isn't sufficient.
Seriously, this is ridiculous. I answered your question with a reasonable reply. And all you can do is start this line of bullshit where you answer every question with another question. Guess what Ricter. You really have become a mindless troll. Everyone here knows that you have absolutely no understanding of economics and are just a blind fool that spouts off leftist rhetroic at every turn. Might want to think about a new alias. I think that you've thoroughly trashed "Ricter".
btw, I think that "debate" you had with Tsing Tao last week was really illustrative of your lack of critical thinking. When pressed about your position of there being "no inflation", you ultimately relented and said "I don't pay attention to the prices I pay". Ultimately, that is all you are about. You take some "esteemed" figurehead's opinion or some massaged government statistic and accept it as "the right answer". It's just proof that you have a third rate intellect.
Government can take more of our money now and hire people Government can borrow money from the future and spend it now to hire people. The money pool remains the same
This is what Krugman implicitly supports if you think he supports this administration... Sen. Chuck Schumer (D-NY): âSince this program began, 79% of the 2.1 billion in stimulus grants awarded through it, went to overseas companies.â