Did he really just say that?. . . Paul Krugman wants more spending, quantitative easing, and inflation. A perfect demonstration of the broken window fallacy.

The broken window fallacy . . . good time for a refresher.

Oh yeah, externalities . . . What happens when market prices don’t account for all of the cost in a transaction? Can you say Pigou?

What happens when the spenders outnumber the payers?. . . We should find out soon because we’re almost there.

Washed away . . . How billions in pork barrel spending will never reach flood victims of Hurricane Sandy. It’s Federal business as usual.