Another week, another lumbering, leaden polemic from Paul Krugman over the twin evils of Republicanism and the cutting of government spending (“The Mellon doctrine,” Views, April 4).
As a Briton, I object to Mr. Krugman's continual and inaccurate sneering at my government’s austerity policy. Imperfect as it may be, the alternative is to continue the never-ending and gargantuan cycle of debt foisted on us by Gordon Brown.
While the Republican Party may well be wrong, Mr. Krugman is not necessarily right. When, not if, the rest of the world tires of buying U.S. debt, who then will pick up the tab? It’s a simple question, but I see no answers from Mr. Krugman.
Tuesday, April 12, 2011
Another week, another lumbering, leaden polemic from Paul Krugman
From England's Fawley, one British reader of the International Herald Tribune has had his fill of the New York Times' star economist. Writes Robin Somes (second entry):