Krugman: Government Both Should Inflate AND Regulate the Direction of Inflation

In my Krugman-in-Wonderland post today, I note that Paul Krugman both is an apostle of inflation and strict financial regulation. So, he wants the government to supply Wall Street with huge supplies of liquor, but then claims that government supervision will keep everyone from getting drunk. Right.

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6:05 am on April 12, 2010