Ya they won't fix shit either. They're idiot socialist central planners just like the "otherside" As long as Keynesian economics run the land we are fucked. Don't forget Krugman is considered a great economic mind in these days and I'm pretty sure that guy sniffs his fingers.
So what would your solution be then? A return to supply-side? I'm not an expert - I don't have a solution and I'm the first to admit that.
I do know that from 1945 - 1970 eceonomic growth in this country averaged 3.5% a year. Wages went up and people were living the American Dream.. in '71 Nixon "Nix'd" the gold standard effectively paving the way for the US to print money at will (read Inflation). By the 1980's a 16% interest rate on your home mortage was considered "Good".
Times have changed and globalization now rules the day.. Boomers are retiring in droves putting strain on social-economic programs here at home that are no longer being paid into by the same numbers and on top of that.. Although they are not entirely to blame for our massive deficit either.. There are 100,000 different influential factors can be brought to bear as to why things are the way they are.
But rather than address any real issues you're whole argument against the status-quo is that they are:
<quote> idiot socialist central planners ..... who smell their own fingers </quote>
and
<quote> As long as Keynesian economics run the land we are fucked.. </quote>
I'm not saying Keynesian economics is today's answer either, but at one time it did work and work well and there was more or less a global shift towards it only a few years ago. Are things better now then they were in 2008-2010?
On the other hand I firmly don't belive that a return to the last 25 years of economic policy that got us to where we are now is the right answer either.