New York Times Columnist Line of the Day

Eff it, let’s try this again.

Today’s is from Paul “The Little Professor” Krugman, who in his column today “The Lesser Depression,” writes:

If either of the current debt negotiations fails, we could be about to replay 1931, the global banking collapse that made the Great Depression great. But, if the negotiations succeed, we will be set to replay the great mistake of 1937: the premature turn to fiscal contraction that derailed economic recovery and ensured that the Depression would last until World War II finally provided the boost the economy needed.

Yay!

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