This article by Chris Brown serves mainly to critique the views and theories of Paul Krugman. Krugman has an absurd idea that economic stability and the end of the current recession can be cured by a stimlus package. The crux of Krugman's argument is that in times of recession and economic hardship and new type of analysis must be adopted and traditional methods of alleviating economic downturns must be abandoned. Krugman argues that "depression economics" is the key to curing the slump, usual economic analysis becomes useless, "virtue becomes vice, caution is risky and prudence is folly". The author is quick to correct most of Krugman's arguments which are incorrect to say the least. The explanations and counter arguments presented in the article are quite effective and very interesting.
http://mises.org/story/3221
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