Paul Krugman, a die-hard Keynesian who recently proposed faking an invasion of space aliens to stimulate the economy, is now all of a sudden concerned about the quality of economic spending.
The Long Haul
On November 11, Paul Krugman, suddenly started worrying about the The Long Haul of deficit spending.
“It’s at least possible that bigger budget deficits will, if anything, strengthen the economy briefly. America has a vast stock of reputational capital, built up over generations; even Trump will take some time to squander it,” said Krugman.
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