Krugman on debt to GDP.
http://krugman.blogs...-william-galston/
So William Galston has an article in the New Republic questioning Keynes  and me. He lays great stress on the Reinhart-Rogoff claim that growth slows substantially when debt exceeds 90 percent of GDP. See the story and the embedded links to read a rebuttal that debt/GDP ~ 90% is doomful. HTH. Cheers, Scott. |
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Re: Krugman on debt to GDP.
as you know I am no fan of Krugman, however debt to gdp at 90% doesnt necessarily stifle growth, excessive borrowing above that point to spend in areas that do not aid gdp growth is the wrong way to go. This admin like the last one always finds the wrong way to go on public spending.
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tomtom summarizes the current economic environment in the US
- (Another Scott)
- (15)
- May 30, 2010, 10:27:08 PM EDT
Some are doing it intentionally
- (jay)
- May 30, 2010, 11:50:28 PM EDT
debt is at 90% of gdp so your suggestion is to spend more
- (boxley)
- (13)
- May 31, 2010, 09:51:02 AM EDT
This isn't complicated.
- (Another Scott)
- (10)
- May 31, 2010, 11:08:29 AM EDT
Just stop it.
- (beepster)
- (9)
- May 31, 2010, 03:07:52 PM EDT
Evidence, please.
-NT
- (Another Scott)
- (8)
- May 31, 2010, 03:09:02 PM EDT
unemployment rate isnt evidence?
-NT
- (boxley)
- (1)
- May 31, 2010, 03:20:55 PM EDT
For what?
-NT
- (Another Scott)
- May 31, 2010, 03:31:17 PM EDT
Hmm.
- (beepster)
- (5)
- May 31, 2010, 03:50:56 PM EDT
You're not contradicting my thesis.
- (Another Scott)
- (1)
- May 31, 2010, 05:42:29 PM EDT
Whatever lets you sleep at night.
- (beepster)
- May 31, 2010, 06:37:59 PM EDT
Since you like quotes about projections
- (lincoln)
- (2)
- June 2, 2010, 02:59:15 PM EDT
Nice find...
- (beepster)
- (1)
- June 2, 2010, 03:34:52 PM EDT
And the invasion and occupation of Iraq
- (lincoln)
- June 2, 2010, 03:42:06 PM EDT
Krugman on debt to GDP.
- (Another Scott)
- (1)
- June 1, 2010, 08:06:37 PM EDT
Re: Krugman on debt to GDP.
- (boxley)
- June 1, 2010, 08:14:49 PM EDT