Monday, March 11, 2013

Jeffrey Sachs' Great Paul Krugman Smackdown


Self-styled "progressive" economist Jeffrey Sachs delivers an energetic smackdown of economist Paul Krugman's over at the Huffington Post. Among Sachs' main points: the CBO's projections GDP growth in the wake of the stimulus have not been met; it matters quite a bit not just how much money the government spends, but what it spends it on; the interest payments on the debt will become uncomfortably large within ten years. Recommended reading for all citizens, not just policy wonks.
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