I would be more willing to listen to Krugman if he hadn’t spent so much effort during the Biden administration to find reasons why inflation wasn’t bad but just a “vibecession”.
What concerns me more is that he generally has been a cheerleader for spend spend spend don't worry about the debt (just like the Trump administration) and all that has come home to roost as Ray Dali ohas been warning. In short it's hard not to view him as a partisan hack and hypocrite if he cheerleads when one party does it and castigates when the other does
Krugman is an advocate for tax & spend, and critical of any government that increases spending while simultaneously cutting taxes. No hypocrisy there.
That's an article where Krugman explains when deficits aren't appropriate. He's a Keynesian, so of course he wants deficits in the middle of the financial crisis.
"cheerleads when one party does it and castigates when the other does"
I always ask partisan people "what would you think about this issue if the other guys were in power". It's pretty sad how it has become normalized to find the same thing ok when one party is in power and being really angry about it when the other party is in power. Unfortunately Krugman can't resist that temptation either.
vjvjvjvjghv · · focus · HN ↗
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redwood · · focus · HN ↗
vjvjvjvjghv · · focus · HN ↗
I always ask partisan people "what would you think about this issue if the other guys were in power". It's pretty sad how it has become normalized to find the same thing ok when one party is in power and being really angry about it when the other party is in power. Unfortunately Krugman can't resist that temptation either.