Thanks for your replies.
Actually, my undergraduate major was Economics, but when I read Krugman I generally find his conclusions to not be supported. However, Krugman does have a Nobel Prize, he’s a professor at Princeton and my daughter who’s a sophomore in college is using his very expensive textbook for her International Trade class. So, I want to attribute some credibility to Krugman but I rarely find it in what he writes. Also, if what he writes were true, the solutions to current economic problems would be pretty simple.
No nation has ever printed or borrowed its way to prosperity.
The converse, however, is that many a grand society has imploded from too much crushing debt.