Paul Krugman Is Wrong Even When He Is Right - Forbes: "As I have explained previously, government deficit spending cannot generate permanent job gains. The money for the deficit must either be borrowed or printed. If it is borrowed, any jobs the government creates through its spending are at the cost of the private sector jobs that would have been created by companies borrowing and investing the same money if the government hadn’t soaked it up. If the money is printed, it creates temporary job gains at best until inflation catches up and money neutrality kicks in."
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