Fast Facts

WSE Exclusives

Must Reads

Krugman’s Latest Debt Denial: Why His Two Magic Numbers Don’t Cut It

Professor Krugman is at it again—–conjuring fairy tales about a benign long-term fiscal outlook. Notwithstanding that the publicly held debt has surged from 40% to 75% of GDP during just the 6 short years since 2008, he claims there is no reason to fret and that there is no debt spiral anywhere in the future. In part that’s because the Keynesian priesthood…