Publius

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Monday, January 07, 2013

Krugman: We can just print money to solve our problems


Seriously. I shit you not.

http://krugman.blogs.nytimes.com/2013/01/07/be-ready-to-mint-that-coin/

The bill above is from a period of Yugoslavian hyperinflation in 1993-1994.

But Paul Krugman is arguing Obama can "sidestep" the debt ceiling negotiation by simply printing a trillion dollars.

It's nice that Krugman hasn't given up his childhood belief in magic. But in the real world of grown-ups, such thinking is dangerous.

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