Friday, October 25, 2013

Krugman on the Deficit Fear-Mongers One More Time

Because the deficit fear-mongers never seem to go away no matter what. Prof. K. explains.

It’s curious how readily people who normally revere the wisdom of markets declare the markets all wrong when they fail to panic the way they’re supposed to....Why, then, should we fear a debt apocalypse here? Surely, you may think, someone in the debt-apocalypse community has offered a clear explanation. But nobody has.


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