Krugman argued that ending the current "unconventional" economic measures would be a mistake since history shows that the two times they were previously tried in response to a "liquidity trap" they were ended "too soon".
Occam's razor might argue: The current "unconventional" measures are a mistake since they have been tried twice under similar circumstances and did not work.
The President, of course, expressed His understanding, contra- conservative critics (and it turns out Krugman), that it was pretty well settled that these sort of unconventional measures worked in the past.
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