There seem to be two camps concerning our present economic situation. There’s the Obama, Geithner, Summers camp. They think they know what they’re doing and what the economy needs to get going again.
Then there’s the Krugman, Wolfe, etc., camp, who think that the Obama camp is all wrong and either isn’t doing enough or is doing too much.
Clearly, both camps can’t be right. But here’s the cheery thought. They could both be wrong! If so, we’ll never really know. The future may reveal that Obama, Geithner, and Summers were wrong, but it won’t tell us about anyone else’s plans, because those plans won’t have been tried.
Do you feel better now?
