Paul Krugman wrote an editorial in the New York Times yesterday which had nothing whatever to do with economics; supposedly his area of expertise. It was purely a lecture on why we should loathe and despise the rich, and specifically Mitt Romney, whose name is mentioned several times and who is cited as an example more than once.
So let's just let go of the idea that Paul Krugman is presenting any sort of independent economic theories with his various pronouncements about what kind of spending we should or should not be doing. Just bookmark this piece, and come back and read it any time you think that he is not simply a partisan ideological hack.
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