The View From 1776
Friday, June 25, 2010
The Daily Socialist - 6/25/10
Krugman’s prescription: spend now and screw future generations.
Dismissing the catastrophic costs of inflation, Krugman’s hero Keynes flippantly said, “In the long run, we’re all dead.” One oddity is that he said this on the heels of Germany’s savagely destructive hyperinflation, caused by the loose money, deficit spending policies Keynes advocated, a hyperinflation that set the stage for Hitler’s accession to power.