Krugman Vs. Krugman Again


When you listen to this I think you hear from Krugman: We’re in a difficult situation because in the past, we didn’t care about the long-run and the need to push down the debt to gdp ratio. What we need to do now is run big deficits and let the long-run worry about itself. BUT ISN’T THAT WHAT WAS DONE IN THE PAST THAT COMPLICATES OUR CURRENT SITUATION?
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