tag:blogger.com,1999:blog-6926413038778731189.post1718132129003507731..comments2023-10-16T07:13:12.123-05:00Comments on A plain blog about politics: Read Stuff, You ShouldJonathan Bernsteinhttp://www.blogger.com/profile/15931039630306253241noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6926413038778731189.post-25330473354335319692012-05-03T12:13:20.727-05:002012-05-03T12:13:20.727-05:00Regarding 2.
The two liberal stories that I hear ...Regarding 2.<br /><br />The two liberal stories that I hear are:<br /><br />1. The markets think that our bonds are the best, so Obama deficits don't matter.<br /><br />AND<br /><br />2. We have no fear of bond vigilantes because there's no chance of inflation so we can just print more money because our debts are in dollars of which we have an infinite supply. <br /><br />So what does Professor Krugman mean when he says "The ratio of debt to GDP would be 20 or 25 percentage points lower, and we'd be feeling a lot more relaxed about current deficits."<br /><br />How much more relaxed than Professor Bernstein can one be?backyardfoundrynoreply@blogger.comtag:blogger.com,1999:blog-6926413038778731189.post-62774303437054263292012-05-03T07:53:03.169-05:002012-05-03T07:53:03.169-05:00I want to know which politicians will be the first...I want to know which politicians will be the first to use the "Obama spikes the football" dogwhistle which is bubbling up from the GOP id.goetheanhttps://www.blogger.com/profile/15719480062271188223noreply@blogger.com