Paul Krugman argues that the U.S. government should again postpone its fiscal day of reckoning a bit further into the future to keep this confidence game going bit longer.
by Jeremy R. Hammond
Oct 4, 2013
Paul Krugman argues that the U.S. government should again postpone its fiscal day of reckoning a bit further into the future to keep this confidence game going bit longer. Always better to avoid pain today by trading it for even greater pain in the future, I guess he reckons. Actually, that's unfair.
I know he doesn't reckon that; he reckons the U.S. can just print its way out of its economic troubles. Of course, that's no less insane thinking.
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