That's the title of New York Times columnist and Nobel laureate economist Paul Krugman's latest missive. His recipe for fixing the economic woes caused by government over-spending and over-promising: Spend more and borrow more.
"When Austerity Fails"? For heaven's sake, when, in the last 75 years, has anything remotely like an austere budget been enacted by any US government? Democrat or Republican? Liberal or conservative?
This is insulting.
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