• 657 days Will The ECB Continue To Hike Rates?
  • 658 days Forbes: Aramco Remains Largest Company In The Middle East
  • 659 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,059 days Could Crypto Overtake Traditional Investment?
  • 1,064 days Americans Still Quitting Jobs At Record Pace
  • 1,066 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,069 days Is The Dollar Too Strong?
  • 1,069 days Big Tech Disappoints Investors on Earnings Calls
  • 1,070 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,072 days China Is Quietly Trying To Distance Itself From Russia
  • 1,072 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,076 days Crypto Investors Won Big In 2021
  • 1,076 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,077 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,079 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,080 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,083 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,084 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,084 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,086 days Are NFTs About To Take Over Gaming?
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Ian Campbell

Ian Campbell

Through his www.BusinessTransitionSimplified.com website and his Business Transition & Valuation Review newsletter Ian R. Campbell shares his perspectives on business transition, business valuation and world…

Contact Author

  1. Home
  2. Markets
  3. Other

Paul Krugman on Deficit Spending

Paul Krugman is a Nobel prize winner. He seems to think that without further deficit spending the U.S. will face depression - a term and condition most economists find the least attractive of all economic scenarios. One has to wonder whether Mr. Krugman in his 'heart of hearts' believes the United States can come out of the economic morasse it is currently is in - and that seems to be exacerbating - intact and reasonable unscathed.

Mr. Krugman wrote a book titled 'End This Depression Now' that was published three months ago. It is available on Amazon and Kobo. I bought and scanned the book. Some of what Mr. Krugman says I agree with - particularly his comments related to the psychological effects of unemployment on the unemployed. However, in my view he does not either in the book, or in the video that accompanies this commentary, adequately address the consequences of his recommended further Federal Government deficit spending . In particular, he doesn't for me satisfactorily deal with how in the end does the ever increasing National Debt gets satisfied. Rather, he seems willing to embrace a postponement strategy that I believe will simply lead to an ever higher cliff to fall from.

Topical Reference: Krugman: The Government Has To Do More Deficit Spending To Avoid A Full-On Depression, from Business Insider, Joe Weisnethal, July 12, 2012 - reading time 1 minute, accompanying video 5 minutes.

 

Back to homepage

Leave a comment

Leave a comment