Hawks and Hypocrites

Paul Krugman, New York Times
Back in 2010, self-styled deficit hawks — better described as deficit scolds — took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time when economic theory said we needed more, not less, deficit spending, the scolds convinced most of our political class that deficits rather than jobs should be our top economic priority. And now that the election is over, they’re trying to pick up where they left off. They should be told to go away.It’s not just the fact that the deficit scolds have been wrong...

Source: http://www.realclearpolitics.com/2012/11/12/hawks_and_hypocrites_295773.html

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