Paul "King" Krugman knocked off his ivory tower as Fools sack the Hill!
Though Fed members may expect moderate growth looking forward, Mike Shedlock, Investment Advisor for Sitka Pacific Capital, explains why he thinks the US is already in a recession. Also, would Pandora's Box have been opened if lawmakers had read the bill that opened the hatches of the $650 trillion opaque derivatives market? Jerrol LeBaron, Executive Producer, "Fools on the Hill," will tell us about his mission to make lawmakers to read the bills they pass, and his efforts to guarantee the public has enough time to read them too. And more on Spain's austerity – we found a Spanish economist tearing into Paul Krugman's Keynesian/Neoclassical arguments right in front of "King Kruman" himself. MISH piles on.