Only stupid idiots care about the national debt.
That’s Paul Krugman’s more or less explicit point this week.
Climate change threatens to destroy civilization, and we’re worried about the national debt?
Sure, someday we may have to cut back on spending, Krugman admits, but that day is way, way in the future. For now, only a fool worries about the debt.
Krugman then goes on to share a chart purporting to show only modest levels of debt increase in the coming years.
This post was published at The Tom Woods Show on 30th October 2016.