WWKD

After reading this passage from Robert Samuelson’s latest WashPost article - “A Phony Jobs Debate” – I wondered “What Would Krugman Do?”

Facing a weak economy, a government can do three things: cut interest rates; run a budget deficit; and allow -- or cause -- its currency to depreciate. The first two promote borrowing and spending; the last makes a country's exports cheaper and its imports costlier. All these weapons have been deployed.

For that matter, what would Kerry do? His latest ploy shows he’s entirely unserious about job creation:

Democratic front-runner John Kerry proposed Wednesday requiring a three-month warning before factory jobs are exported.

More regulation. Great idea.