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Politics : Mainstream Politics and Economics
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To: mel221 who wrote (7836)1/31/2012 5:10:37 PM
From: Little Joe  Read Replies (1) of 85487
 
Krugman does not recognize the fatal flaw in his logic, In a debt money system people need borrowing power to buy to stimulate the economy iin ever increasing amounts. When they can't take on more debt it doesn't matter how much money is available people can't afford to borrow more because their earning power will not support more borrowing. We have borrowed trillions to pursue this stupid policy and increased our debt to mind boggling numbers. Krugman needs to go back to kindergarden to learn how to count.

lj
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