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On John Mackey, ‘Stimulus,’ and the Krugmans of the World

Here’s my latest column in the Pittsburgh Tribune-Review.  A snippet:

But if the stimulus does work — if the economy does recover as a result of this massive spending — then doesn’t it follow that whatever deregulation has occurred since the mid-1970s was, in fact, not as disastrous as many folks now make it out to be?

After all, how structurally damaged is an economy and its legal framework if the mere spending of lots more money to “stimulate” demand is sufficient to restore that economy to reasonable health?