In a perhaps surprising move for someone who said "deficits matter again" upon Trump's election, Krugman now makes the case for perpetual budget deficits in the range of 4% of GDP. This will facilitate much-needed "stimulus spending" in an era of weak growth and low inflation. Tom and Bob point out the fallacies in this thinking. Show notes for Ep. 219
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Ep. 225 The Final Episode
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Ep. 223 Krugman Unwittingly Agrees the Fed Has Driven Stock Market Since 2007
Ep. 222 Why Won't We Listen to the Experts?
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