Krugman vs. Our Growing Debt

The u.s. economy has been depressed for over four years and Paul Krugman — Nobel laureate, economics professor, and New York Times columnist — is irked that his remedies go unheeded, especially since they’re also the remedies that John Maynard Keynes laid out over 70 years ago. Keynes would not have been impressed with the halfway measures that have been employed to create fiscal stimulus, and neither is Krugman. Federal spending on the order of what was done in World War II is in order, even though this is peacetime.