Not pynchon. Krugman.

[Mark Kohut]

In the US case the stimulus worked. But slowly, sputteringly. Indicating early to even President Obama that " Krugman was right" and leading him to try to work bits of stimulus into later bills and executive orders. Leading him to forcefully ask for economic benefits such as a higher minimum wage which he surely knew would never happen at the Federal level with his Congress yet did stimulate many states and local governments to make happen. the U.S. Needs even more  money in circulation from those who spend it on basics. 
Krugman was proven right in the US, at least, no counterfactuals involved. 

Sent from my iPad

> On Jul 13, 2015, at 2:08 AM, Kai Frederik Lorentzen <lorentzen at hotmail.de> wrote:
> 
> 
> > Of course, if no one in power ever takes your advice it is quite hard to be proved definitively wrong. There will always be the unknowable Krugman counterfactual: in the British case, the bigger deficits that were never tried, in the U.S case the bigger stimulus that was never tried, in Europe's case the doubling of the inflation target that was never tried. Happy the economist whose policy prescriptions are so reckless that no one ever puts them to the test.
> Except that one country, just lately, has been putting a Krugman recommendation to the test. That country has defied the "austerians." It has thumbed its nose at the fountainheads of economic orthodoxy. It has dared to play chicken with the confidence fairy. It has even told the Germans where to get off. And it has done this on the basis of           Paul Krugman's advice, spelt out when he visited the nation's capital, at the government's invitation, in April.
> 
> That country is Greece. <
> 
> http://www.huffingtonpost.com/niall-ferguson/the-rise-and-fall-of-krugmania-in-the-uk_b_7257236.html
> 
> And Krugman did again fly to Athens in June, some days before Tsipras called out the referendum. Krugman, too, is responsible for the snafu.
> 
> But hey, breaking news (8:47): An agreement, a consensus, the eventual rescue of Europe ...
> 
> If the Greek government manages to let the necessary laws be legislated by the parliament till wednesday, talks for a third program will take place.
> 
> Do you believe in magic?     
> 
> 
>> On 12.07.2015 23:10, David Morris wrote:
>> Krugman:  Can anything pull Europe back from the brink? Word is that Mario Draghi is trying to reintroduce some sanity, that Hollande is finally showing a bit of the pushback against German morality-play economics that he so signally failed to supply in the past. But much of the damage has already been done. Who will ever trust Germany’s good intentions after this?
>> 
>>> On Sunday, July 12, 2015, Mark Kohut <mark.kohut at gmail.com> wrote:
>>> Killing the European Project — Paul Krugman —
>>> http://krugman.blogs.nytimes.com/2015/07/12/killing-the-european-project/?smid=tw-share
>>> …
>>> -
>>> Pynchon-l / http://www.waste.org/mail/?listpynchon-l
> 
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