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The same Krugman who pronounced the markets would never recover from Trump's election or that since we didn't pass a large enough stimulus we were doomed to low
by merpnderp 9y ago
The same Krugman who pronounced the markets would never recover from Trump's election or that since we didn't pass a large enough stimulus we were doomed to low GDP growth rates forever?
- monocasa 9y agoDon't just listen to Krugman, read how monetary policy for the better part of a decade was based on a paper that wasn't peer reviewed, but was held up as irrefutable 'science'. Politicians latched on to it because it told them what they wanted to hear.
- emodendroket 9y agoPaul Krugman was wrong on different issues, thereby completely proving everyone who agreed with him on this other issue wrong. Got them.
- merpnderp 9y agoNo he's wrong because he supported a policy which saw the US debt double in 8 years, and the deficit go from 52% of GDP to 77% of GDP, and resulted in the weakest recovery in US history. And all the people who agreed with him in their widely accept science, were also wrong.