Idiot of the day: Krugman
How could I deny Krugman his Idiot of the Day award, which he so amply deserved with this complaint:
"And $600 billion really isn’t a lot when you’re trying to move a $15 trillion economy".
This could be the most moronic statement ever made by an economist. For reference, $869 billion was the total balance sheet of the Fed in August 2007, and it was moving a $14 trillion economy.