krugman/nyt

Anti-Keynesian Switcheroos

...I’ve pointed out that World War II ended the Great Depression. Then critics say, how could war, a destructive activity, do anything good? I answer that when the economy is in a liquidity trap, there are a lot of perverse consequences. And then the critics declare that I’m a warmonger.

You have to assume that this kind of argument is made in deliberate bad faith — although I suspect that many of these people don’t remember what it is to make an argument in good faith. [more]