Krugman: Spend Now, Save Later

[badgenome]

Akvod said:

badgenome said:

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?

I think it applies more to Krugman than it does to Greenspan. As is to be expected of someone who made the transformation from economist to pundit, Krugman is also blinded by his prejudices. He is a perfect illustration of the complacency Greenspan was talking about. If there isn't runaway inflation right now, there must be nothing to worry about.

It's bizarre that the man who thought the sky was falling with $6 trillion dollar debt can barely muster even a "ho hum" for a debt that's projected to be $20 trillion by 2015. The Conscience of a Liberal apparently isn't bothered one little bit by selling future generations into debt slavery... at least not if he likes the sitting president.