Krugman: Spend Now, Save Later

[Soonerman]

Akvod said:

SciFiBoy said:

while im here:

I think the best way to get out of this crisis is to focus on higher taxes for the rich, the money that raises can be used to both pay down the defecit, and to invest in areas that can create jobs, it would also allow nations to keep there public services strong, which is essentail when times are hard and many people rely upon them.

y'all can hate on me now, im past the point of caring tbh...

I think you're grossly over estimating how much we can raise from higher taxes for the rich... or at least in context of how much we need to spend.

Not only that, he's also forgetting how much the rich spend/consume compared to the "non-rich."