Monday, December 1, 2008

Deficits

http://www.nytimes.com/2008/12/01/opinion/01krugman.html?_r=1&hp

Its funny how the party in power always discovers the virtues of deficit spending.

Krugman seems to believe that large budget deficits aren't a big deal since "it’s basically money we owe to ourselves".

If that isn't voodoo economics, I don't know what is.

1 comment:

  1. Krugman winning the Nobel Prize in Economics is like Ahmadinejad winning the Nobel Peace Prize.

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