Paul Krugman
Although Paul Krugman has clashed with Stephanie Kelton over her absurd book claiming that deficits don t matter (See my rebuttal: Problems With Modern Monetary Theory: A Comment on Stephanie Kelton’s The Deficit Myth ), Krugman sounds as though he is now part of the MMT camp.
In his latest
New York Times column, he writes:
[I]t’s a completely safe prediction that once Joe Biden is sworn in, we will once again hear lots of righteous Republican ranting about the evils of borrowing. What’s less clear is whether we’ll see a repeat of what happened during the Obama years, when many centrists and much of the news media both took obvious fiscal phonies seriously and joined in the chorus of fearmongering.