Monday, November 23, 2009

Paul Krugman Disputes the Conventional Wisdom on Deficits

He thinks joblessness a greater danger than deficits, given the numbers for each.  Who's right?  Well, I keep going back to the fact that Krugman and a very few others were warning about the dangers of a housing bubble some years back, while those currently worrying about deficits were saying that housing prices could continue upwards forever.


Posted via web from reannon's posterous

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