Is he still considered to be ‘the shrill one’?

Paul Krugman is often the best practitioner of the succinct summary. Today he writes about the moralizers who want to punish debtors (individuals, not the financial institutions so much). And after a brief summary of how an economy works and making a case – yet again – for increased government spending (around the world by the way) . . . well, here he is:

“And if you point out that their arguments don’t add up, they fly into a rage. Try to explain that when debtors spend less, the economy will be depressed unless somebody else spends more, and they call you a socialist.”

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