Krugman

Would that be the same Paul Krugman who said this about the Bush deficits in 2003?

"I'm terrified about what will happen to interest rates once financial markets wake up to the implications of skyrocketing budget deficits..

.we're looking at a fiscal crisis that will drive interest rates sky-high...my prediction is that politicians will eventually be tempted to resolve the crisis the way irresponsible governments usually do: by printing money, both to pay current bills and to inflate away debt. "

Sometime right after January 20, 2009, Paul Krugman seemed to have misplaced the hammer he uses to ring the deficit alarm bell.

http://www.nytimes.com/2003/03/11/opinion/11KRUG.html?pagewanted=1”