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Putting Off Judgment Day

by Oct 4, 2013Articles, Economic Freedom0 comments

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.

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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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