Times’ Columnist Asks: What’s Behind Deficit Hysteria?


New York Times op-ed columnist Paul Krugman does not believe that tripling the federal deficit in one year’s time is anything to be concerned about.  He compares what he calls “fiscal scare tactics” to the “fear-mongering on weapons of mass destruction.”
Mr. Krugman needs some lessons in basic economics and the law of unintended consequences.  The [...]