Paul Krugman says that a crash in Europe won't affect the US economy much, a mere 2% or so, so we don't need to worry about Europe's economic devastation. So we've all been hyperventilating over Europe for nothing. What a relief.
Now if he can just get this nation's inflation rate up to 5% so that the government prospers while poor people starve, he would be happy as a proverbial clam. Paul Krugman is an idiot.