Crazy Liberal Economist Paul Krugman Calls 4 28% Inflation

What am I talking about? Something like a commitment to achieve 5 percent annual inflation over the next 5 years — or, perhaps better, to hit a price level 28 percent higher at the end of 2015 than the level today. (Compounding) Crucially, this target would have to be non-contingent — not something you’ll call off if the economy recovers. Why? Because the point is to move expectations, and that means locking in the price rise whatever happens.

via krugman.blogs.nytimes.com
h/t:
@CooperRepublic
@CFHeather 
@redostoneage

This guy wants the abuse without any of the benefit. The point is to make jobs. There are some very cheap creative ways to do that, but borrowing money endlessly is not one of them. The idea is if you are good for a loan to take the money with the intent to grow the economy... not collapse a system that you don't believe in. For a very long time the Conservative were labeled as sarcastic. This guy Krugman is like a guy who is now being ignored and is going over the top with his ideas to get attention.

noahdavidsimon's posterous