The Food Here is Poison and the Portions Are So Small (Paul Krugman Edition)

The economics profession tends to be bipolar. It swings from periods of wild optimism to wild pessimism while rarely stopping anywhere in the mild. Hence we had the new economy optimists in the late 90s who insisted that all the problems of scarcity had been solved forever by the wonders of the information age. Now we have Paul Krugman citing new work by Robert Gordon which tells us that growth is dead.

Wow, that's quite a shift in a relatively short period of time. Let's back up a second.

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