Ep. 219 Krugman Wants Perpetual Deficits
In a perhaps surprising move for someone who said “deficits matter again” upon Trump’s election, Krugman now makes the case for perpetual budget deficits in the range of 4% of GDP. This will facilitate much-needed “stimulus spending” in an era of weak growth and low inflation. Tom and Bob point out the fallacies in this thinking.
“The Case for Permanent Stimulus” (March 7, 2020)
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