Paul Krugman goes all “crowd out” on us. Is he right?

From Jared Bernstein | On the Economy
January 9, 2017 - 5:09pm

Progressives’ Keynesian economist in chief, Paul Krugman, has been second to none in calling out policymakers’ focus on reducing budget deficits when economies were still weak (also known as “austerity”). Given that record, his oped in today’s NYT may surprise some readers. He argued that, as the economy closes in on full employment, fiscal budget... Read more



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