Though I haven't read his substack but a few times, we are agreed on Krugman. His best stuff is the purest economics, his worst the most partisan. What I don't get is his writing on stimulus spending. While I can appreciate the benefits he sees, to the best of my knowledge he never discussed the downsides, particularly how to end it. Tha…
Though I haven't read his substack but a few times, we are agreed on Krugman. His best stuff is the purest economics, his worst the most partisan. What I don't get is his writing on stimulus spending. While I can appreciate the benefits he sees, to the best of my knowledge he never discussed the downsides, particularly how to end it. That is not just difficult economically but politics makes it far harder. Does he not see this, ignore it because he has no answer, or something else?
Though I haven't read his substack but a few times, we are agreed on Krugman. His best stuff is the purest economics, his worst the most partisan. What I don't get is his writing on stimulus spending. While I can appreciate the benefits he sees, to the best of my knowledge he never discussed the downsides, particularly how to end it. That is not just difficult economically but politics makes it far harder. Does he not see this, ignore it because he has no answer, or something else?