Paul Krugman wants you to know that, in his view, the markets are misinterpreting "Trumponomics" and because he is far smarter than you, the markets, and pretty much anyone else, it's important to pay attention.
Of course, this shouldn't be terribly surprising as Trump could literally announce that he found a cure for cancer and Krugman would immediately take to the New York Times to pen an op-ed defending malignancies, and how its eradication would mark the end of "hope" for mankind.
In any event, Krugman posted a short article to his twitter account this afternoon warning that the markets' interpretation of "Trumponomics" is all wrong. While the confused Keynsian would ordinarily praise aggressive infrastructure plans, like the one proposed by Trump, in this case he's willing to make an exception and notes that the plan looks more like a "privatization scheme" than an "actual plan to boost public investment." And while Krugman has never before seen a budget deficit that he didn't criticize for being too small, Trump's "privatization scheme" combined with "tax cuts for the rich" suddenly has him extremely worried about federal debt balances.
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