1937: Deja Vu All Over Again?

I've been saying (even if no one is listening) that FDR took us into a severe downturn in 1937 with his budget-balancing mania (Keynes apparently didn't get his message across in time), and it looks like the Obama administration is doing the same thing. Of course history doesn't repeat itself (exactly), but sometimes you can see the same pattern.

Krugman: A Sense of Humor Amid the Wreckage

Krugman's sense of humor today is worthwhile, one post on "academia nuts" and this cartoon. Krugman, one senses, has an appreciation of the "animal spirits". Anyway, I read him for laughs as well as insights.