l****z
发帖数: 29846 | 1 February 3, 2013 by Warner Todd Huston
Once again liberal economist and New York Times columnist Paul Krugman has
said that our government trillions in debt is not a problem and even
intimated that we might we crank up the printing presses and print more fiat
money to get us out of our bad economy.
Krugman appeared on C-SPAN’s “Washington Journal” program on January 30
and scoffed at Rep. Paul Ryan’s (R, WS) claim that our country is on the
verge of a debt crisis.
The C-SPAN host played a clip of comments made at last week’s National
Review Summit by Rep. Paul Ryan where the former GOP VP candidate warned
about economic collapse.
“We spend a trillion dollars more than we take in each year. We can’t keep
that up. If we stay on this path, we will run the risk of a debt crisis.
What is that? That’s a moment where our finances collapse, our economy
stalls. We will have to convince the country to change course,” Ryan said.
Asked if we really are in danger of collapse, Krugman replied that, “Uh, no
.”
“There’s a whole bunch of reasons why that’s not true. First of all…
that trillion-dollar deficit is overwhelmingly the result of a depressed
economy. And when the economy’s depressed it’s good to run a deficit. You
don’t want the government to try and balance its budget right now.”
Krugman then noted that we print our money, so we can’t run out. “But also
the United States is a country that has its own currency. Can’t run out of
cash because we print the money,” he said.
“The story Ryan is trying to tell just doesn’t actually make sense,”
Kurgman explained. “There are no historical counterparts to the story he
claims we’re at risk of,” Krugman continued. and of course, Ryan himself
desperately, desperately is concerned about the deficit but won’t accept
one penny in additional revenue to deal with it. All he really wants is to
cut spending.” | l******t
发帖数: 12659 | |
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