> Krugman is a very well known advocate of monetary policy, especially in the 2008 recession. Huh? Throughout the recession and still to this day, ever since t

> Krugman is a very well known advocate of monetary policy, especially in the 2008 recession. Huh? Throughout the recession and still to this day, ever since the Fed ran into the zero bound, he's been banging the drum for expansionary fiscal policy. Unconventional monetary policy (i.e. quantitative easing) is decidedly a second choice for him, given the zero bound on interest rates.