Paul Krugman discusses the misguided focus on deficit reduction by certain groups, despite the lack of evidence for an imminent debt crisis. He criticizes organizations like Fix the Debt, which advocate for cuts to social programs while benefiting from tax cuts. Krugman argues that the U.S., unlike Greece, cannot default on its debt due to its ability to print money, and that fears of inflation are unfounded in a depressed economy.
documents/EFTA01105088.pdf
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