I have just four words. Zimbabwe Argentina European Union.
Krugman is nuts! Who even listens to this guy???
I can’t help but wonder if Krugman has stocked up on gold, like Ryan Paul?
It’s the only I can explain his actions. Talk the economy into a massive depression, but have everything into gold.
IOW, The Boy Who Cried Wolf.
Cries of imminent fiscal/social collapse are invalid because they have not yet occurred.
But people forget the true point of TBWCW. The Wolf was real, and he eventually showed up.
And it was those who had decided he didn’t exist because of the previous false alarms who suffered most.
In terms of economic philosophy, what’s the difference between Krugman and the “Obama money” lady?