Josh Marshall: A Lot of I Told You Sos

From Josh Marshall:

Lot of I Told You Sos: A lot of other people know the economics better than I do. But my God there were a lot of folks earlier this year arguing, very convincingly, that the move away from stimulus to inflation-worry and retrenchment was little short of insane given the mammoth economic crisis the country was weathering. It had all the hallmarks, though on a much speeded-up basis, of the move to slash spending in 1937, which had terrible consequences for the US...