Is Krugman the new Arthur Schlesinger?

"Herbert Hoover was as much of a laissez faire president as Barack Obama has been or the leaders in Europe have been. From a free market perspective, the steps taken since 2007 have turned a market correction into an economy wide crisis and then a global crisis. Those steps were anything but "do nothing", and they were taken first by a Republican President and then pursued further by a Democratic President. We have never given "nothing" a chance. But mythologies need to be created in order to tell neat historical tales. Laissez faire Hoover is replaced by activist FDR and the nation is saved." Read the full post -