How can the government be borrowing at 2 Terabucks per year and this is called DEFLATIONARY? How can the money supply be increased and bailouts given to every politically connected deadbeat entity and be called DEFLATIONARY? I surely do not get it.

Debt may be a good idea if you are Henry Ford borrowing to install an assembly line or Hugh Hefner publishing a girlie mag or Tom Edison playing with light bulbs and phonographs. What is the government stimulus being spent on – teacher pensions, agribusiness subsidies, bombs for Afghanistan, jails for dope smokers, manned missions to Mars, Viagra for seniors, college for low-IQ “students”, ACORN-type advocacy groups, art museums…. – so HOW does such “investment” ever get recovered? What sort of economics is that????

Why not solve both deflation AND the energy crisis by printing up money and burning it as fuel?? Hey – paper money is from trees so it is RENEWABLE.
Heck, paper money is even GREEN. Give Krugman a Nobel Prize (ooops, too late!).