"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
The Good and the Bad
"Scott Sumner has an excellent post about Krugman and about fiscal policy in Britain and Sweden. To refute the idea that the Swedish economy is doing well (Krugman admits it's doing well) even though the Swedish government has cut spending, Krugman singles out one component of government spending--government purchases--and points out that that has risen."
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