Friday, July 22

Go for Broke!

Krugman's advice, I'm applying to my weekend here:

Second, moderate conservatism isn’t working as a policy matter. As I’ve tried to tell everyone from the beginning of the Lesser Depression, a deeply depressed economy in which monetary policy is up against the zero lower bound turns the normal rules of policy upside down. We’re in a world in which conventional prudence is folly, in which playing it safe is extremely risky. And we have, alas, a conventionally prudent, play-it-safe president — the kind of president who might have done fine in the 1990s, but not now.
Be bold, take a chance, throw the long pass, play the long shot, nevermind practicing prudency, now is the time to go big... (ADDED: but don't be a Dick.)

I'll let you know how it goes, then.