The Elusive Professor Krugman

Sometimes I become convinced that Paul Krugman made a mistake, and then when I go back and reread his post I find that he used his words very carefully, to artfully avoid being wrong while creating a misleading impression.  I was thinking about all his posts that claimed fiscal stimulus didnâ??t fail, because it wasnâ??t tried.  I recall that he kept pointing to graphs showing that declines in S&L government output roughly offset increases in federal output.  But what about taxes and transfers?  Arenâ??t they also fiscal stimulus?  When I went back and looked at one of the posts, hereâ??s the conclusion I read: