Krugman: Spend Now, Save Later

[Akvod]

badgenome said:

Akvod said:

badgenome said:

It's pretty surreal to watch Krugman throw away all his credibility as an economist on account of his partisanship. When the debt and deficits were much smaller, he went into hysterics and got a fixed-rate mortgage because the sky was falling. But that was when evil old Chimpy "Dumbya" McHitlerburton was president. Just like Jesus turned water into wine, Obama has turned bad debt into good, at least in Krugman's eyes.

Here's a couple of funny (and by "funny" I mean "sad" but also "compelling in the way that watching someone's spiraling descent into madness usually is") Krugman vs. Krugman pieces:

http://www.washingtonpost.com/wp-dyn/content/article/2007/11/20/AR2007112001651.html

http://online.wsj.com/article/SB10001424052748703915204575103720332317434.html

Do you have anything to say at the article at hand, rather than the man who wrote it and his past articles?

Sure. That very last line - The triumph of prejudices over the evidence is a wondrous thing to behold. Unfortunately, millions of workers will pay the price for that triumph - is a beauty. I agree with it wholeheartedly. Too bad it doesn't mean what he thinks it means.

What do you think it means?