What Krugman is reacting to in the post below is this post from DeLong.
DeLong post a chart he has used often which shows government purchases declining significantly.
If I had the time and energy I would make a chart that includes how the Fed reacted in 2007 onwards. It would also show how the 50 little Hoovers of state government offset Obama's stimulus. It would show how the sequester screwed us but the sequester is ending.
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