Hookouduvnoed?

Paul Krugman:

Nobody Could Have Predicted: One point I haven’t seen made about the troubles of the US economy is that the timing of recent growth tells you a lot about what was — and what wasn’t — wrong with economic policy. After all, we had more or less a consensus view about when the stimulus would kick in... the peak impact of growth come in 2009.... [S:]timulus worked as long as it lasted, boosting the economy — which is the same conclusion Adam Posen drew from Japan’s experience......