Mish is scared like hell: Obama went on record saying that he’s interested in Krugman’s ideas, and Krugman has been repeating that the stimulus package as originally advertised is too small and ineffective (too large a part going to tax cuts). Mish is a known advocate of Austrian school – essentially anti-Krugman.
He’s scared, because he’s been hoping for deflation and depression; with Krugman involved in stimulus design, we might avoid both.
