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Nov 25, 2013

Mean for the sake of mean and ObamaCare

One thing that really sets Krugman off is when officials take policy positions that cause hardship on people when there is no justification for it. His recent example calls out the head of the German Central Bank for saying that printing money is not the way to get out of the financial crisis. Krugman is flabbergasted since he says there is no grounds for this argument as a higher inflation rate would help alleviate the situation. Krugman can't understand the desire for these officials to cause pain when solutions exist that will not cause pain and suffering.

Krugman points out that the latest estimates are that healthcare costs are slowing and some of this may be due to the implementation of Obamacare.

Also on Obamacare he agrees the roll-out has been a disaster but he feels the technical glitches will get worked out quickly. The big story though is that more and more people are getting access to affordable healthcare and that will be the story that will dominate the elections next year -- so the Republicans if they continue to rail against it will be on the losing side.

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