Unthinkable: Paul Krugman Gets It Right
Granted, he got it right for the wrong reason but he still got it right.
Via the Daily Caller:
Nobel Prize-winning Princeton University economist and New York Times columnist Paul Krugman said he believes his side should be willing to play chicken if necessary on this battle. On ABC’s “This Week” on Sunday, Krugman said the debt ceiling debate should be taken to the limit, including to the point of default when he was pressed by host Christiane Amanpour.
“I actually — I think it may be necessary to take this to the limit,” Krugman said. “[I]f we have demands for a large change in policy, under threats of debt limit, this has to be the point where we say we don’t believe in letting hostages being taken.”
The problem with his suggestion is that he isn't suggesting it so that Congress sends a clear signal that it is debt-averse but instead so Democrats don't end up looking like a bunch of frightened bitches.
Here's a serious question: why does Krugman always have that look on his face like a dog who knows he's going to get busted for pissing on the rug?