Wherein I Disagree with Paul Krugman for the First Time

Mr. Krugman has written on the need for a large stimulus package, pointing out the incredible deficit rung up in World War II, which was the thing that actually ended the Great Depression.

So far total agreement. However, what is not said is the fact that the aftermath of World War II was equally important in presenting American Enterprise a world that desperately needed everything it could manufacture, since their own economies and physical plants were in shambles.

Today, even with a huge stimulus, American Industry is no longer the sole player on the world stage. There is no world market begging for products only America can provide.
Without the incredible demand for goods and services following the enormous stimulus, the deficits will never be paid off and our ongoing state of serfdom will be ensured.