Paul Krugman seems to spend most of his time these days yowling for higher spending EVERYWHERE. If you listened to Krugman, you’d think every economic problem America and Europe has is a result of not spending enough money. Krugman’s thinking is loosely based on Keynesian economic theories that don’t work now and have never worked at any point in the past. The whole idea that the government can make the economy surge by taking tax money out of the economy and spending it is like trying to fill a swimming.
Paul Krugman’s Economic Blinders Courtesy of Michael Hudson Paul Krugman is widely appreciated for his New York Times columns criticizing Republican demands for fiscal austerity. He rightly argues that cutting back public spending w... Read Post
Barack Obama and the Democrats in Congress have gone on the largest spending spree in recorded human history and all the while, Paul Krugman has not just been cheering them on, he’s been shouting “Spend more” at the top of his lungs... Read Post