Economist Paul Krugman has outlined (1) why those screaming about the size of the American deficit are wrong regarding the issue, (2) what the deficit means for the American economy going forward, and (3) provides an historical context for the numbers being thrown around willy-nilly. It is a most interesting read, like everything Krugman writes. You can see it here on The Huffington Post.
1 December 2009
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