The Short Run Deserves to Dominate
Department of "Huh?"

And Eric Rauchway Sets the Scene

Okay, Eric, where's the Friedman quote from? I am not familiar with it:

My View: The New Deal roots in the stimulus debate: When Roosevelt came into the presidency on March 4, 1933, the economy had fallen into a hole of historic depth. The unemployment rate reached nearly 25 percent. As the conservative economist Milton Friedman later said, the situation required action: "Something had to be done; it was intolerable. And it was a case in which, unlike most cases, the short run deserved to dominate"...