Copyrighted Image? DMCA | As a leading economist, New York Times columnist, distinguished Princeton professor, and 2008 Nobel laureate, Krugman's solution to the nation's expanding deficit is stunningly simple: Spend more, at least for now. That's right -- while politicians are warning of excessive government spending, Krugman says that federal spending is what got us out of the Great Depression, and can quickly return us to prosperity today. "Now is the time for the government to spend more, not less, until the private sector is ready to carry the economy forward again--yet job-destroying austerity policies have instead become the rule," he says. Krugman's enduring Keynesian outlook and his hopeful, progressive approach to growth are an essential contribution to a national discourse dominated by deficit "hawks." |
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