Paul Krugman: Climate-change economics improve
Paul Krugman, New York Times
Posted: Friday, January 3, 2014 12:00 am
Updated: 11:10 am, Tue Mar 25, 2014.
In 2012, President Barack Obama, ever hopeful that reason would prevail, predicted that his re-election would finally break the GOP’s “fever.” It didn’t.
But the intransigence of the right wasn’t the only disease troubling America’s body politic in 2012. We were also suffering from fiscal fever: the insistence by virtually the entire political and media establishment that budget deficits were our most important and urgent economic problem, even though the federal government could borrow at incredibly low interest rates.
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Friday, January 3, 2014 12:00 am.
Updated: 11:10 am.