Keynesian Economics Looks Pretty Good If You Ignore Its Disastrous Consequences

Paul Krugman professes on his blog that the experience of the Great Recession has shown that "Keynes is looking pretty good." Never mind that it was Krugman's Keynesian economic theories that led him to advocate a Fed policy of printing money to push interest rates down in order to create a boom in housing following the collapse of the dot-com bubble.