Paul Krugman: C'est La V No More

Dean Baker weighs in on the self-correcting economy discussion — it’s not really a debate — and expresses some skepticism about whether we can expect a recovery even in the Keynesian long run. Fair enough. But a quibble: Dean seems to think that I’m saying that 2008 was unique and completely unlike previous recessions. Actually that was never my view — and my actual view ties in with some of the arguments David Warsh makes in his attack on Larry Summers.