WSJ.com - In Treating U.S. After Bubble, Fed Helped Create New Threats: "Praising both the Fed's rate cuts and Mr. Bush's tax cuts, he said, 'This is the first time in history the textbook economic policy... was used, and worked. The problem is, once you finish that chapter of the economic texts, you turn the page and the page is blank -- because no one has gone through the process before.'"

Lindsey is crazy. Which textbook is he talking about? The one with the author smoking crak or the other one with the author injecting himself with dope. Even the most ardent Keyensist would be crazy enough to drive the debt this high without a major crisis (I'd say Iraq is a crisis, but then again the President has not asked anyone to sacrifice anything). Must be great to ignore all that doesn't fit with your view and declare victory.