FDR to Obama: don’t go light on the stimulus

OP-ED: “Franklin Delano Obama? Drawing the right lessons from the New Deal,” by Paul Krugman, New York Times, 10 November 2008.

Interesting piece by Krugman, who seems simultaneously calmed by his Nobel and Bush’s imminent departure.

Argument: FDR didn’t fail early on with the Great Depression from making too big of a stimulus effort but far too little.

Pretty compelling.