Deficit hawks exploited this crisis and made it worse: Krugman
(NEWSER) - All this stock market turbulence should make you not only afraid but mad, writes Paul Krugman in the New York Times . That's because deficit hawks have worsened the mess by "hijacking" the crisis to focus on their “favorite hobbyhorse," he writes. "What the market was saying—almost shouting—was, 'We’re not worried about the deficit! We’re worried about the weak economy!'" To fix the economy, we need jobs, and we need more government spending to make those jobs possible. More»
