Stockman v. Krugman was a good show on This Week. Mostly it came down to Stockman talking about how the debt needs to be reduced now because the US is headed for ruin and Krugman countering back by asking do you really want to raise interest rates in a depressed economy. Stockman never directly answered. What is interesting is that Krugman does believe the debt is a problem that should be solved - its just that he doesn't believe that is the biggest issue right now - high unemployment and its suffering is what should be addressed in the short term. He has said he advocates paying down debt when the economy is at full capacity.
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