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Who Is Actually Inconsistent About Deficit Spending? Not Paul Krugman

January 26th, 2017 · No Comments

  • Some argue that Paul Krugman has flip-flopped on deficit spending.
  • Closer inspection reveals that there isn’t much in this, his supposed love for deficit spending has always been conditional on the state of the economy.
  • One could appreciate Krugman’s underlying economic model, as this has been the best in making sense of the post-financial crisis economy.

Who Is Actually Inconsistent About Deficit Spending? Not Paul Krugman

Tags: Keynesianism · Public sector deficits and debts