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Clinton’s Fiscal Prudence Runs Counter to Krugman’s Call to Borrow

  • Presidential candidate promises to pay for her programs
  • Krugman, in contrast, backs using government-debt financing
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Clinton's Fiscal Prudence Runs Counter to Krugman's Call

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Hillary Clinton has touted fiscal rectitude as a virtue in her battle for the presidency with self-proclaimed debt king Donald Trump. The trouble is at least one of the country’s most prominent progressive economists doesn’t seem to agree.

While not commenting specifically on Clinton’s economic program, Nobel prize winner Paul Krugman made the case this week that now’s the time for the government to be borrowing more and worrying less about debt. With interest rates so low, he argued that investments in much-needed infrastructure like airports and bridges would pay for themselves by boosting the productive potential of the economy.