Paul Krugman takes stock of the last six years, in inimitable Krugman fashion.
Suppose that for some reason you decided to start hitting yourself in the head, repeatedly, with a baseball bat. You’d feel pretty bad. Correspondingly, you’d probably feel a lot better if and when you finally stopped. What would that improvement in your condition tell you?
It certainly wouldn’t imply that hitting yourself in the head was a good idea. It would, however, be an indication that the pain you were experiencing wasn’t a reflection of anything fundamentally wrong with your health. Your head wasn’t hurting because you were sick; it was hurting because you kept hitting it with that baseball bat.
And now you understand the basics of what has been happening to several major economies, including the United States, over the past few years. In fact, you understand these basics better than many politicians and commentators.
The best part is we handed over the economy to the GOP so we can start bashing ourselves in the head some more, because two-thirds of us stayed home in November.
And yes, I'm going to keep harping on "two-thirds of us stayed home in November" until things change. At some point, we've got to learn that if we don't vote, we get screwed.