Tuesday, October 29, 2013

Krugman Trolls Deficit Hawks With One Amazing Chart

Krugman Trolls Deficit Hawks With One Amazing Chart

Debt scolds like Harvard economists Kenneth Rogoff and Carmen Reinhart constantly warn us that too much government debt causes terrible things like soaring interest rates and wrecked economies. History often disagrees.  Paul Krugman teased Rogoff and Reinhart about this on Tuesday with a chart he found on the Bank of England's website.

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