What's wrong with printing money and lending it? Isn't increasing the money supply standard policy in a recession? Certainly the US government is doing that rig

What's wrong with printing money and lending it? Isn't increasing the money supply standard policy in a recession? Certainly the US government is doing that right now. It will help the recession at the cost of inflation. Krugman is a liberal economist. I am guessing that you are more in favor conservative economics. I believe that both conservative and liberal economics work perfectly well. It's a matter of convincing the people participating in the financial system that the theory in place or the one to be adapted is the best one. It all comes down to faith. If you have enough faith, liberal economics probably works better. Conservative economics doesn't require nearly enough faith to work.