https://pjmedia.com/rogerkimball/2010/06/21/economic-reality-vs-wishful-thinking-the-case-of-paul-krugman/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usThu, 11 Jun 2026 04:57:53 -0400<![CDATA[How obtuse do you have to be to win a Nobel Prize in economics? I found myself asking that question once again while meandering down the Canal du Midi this morning as I perused Paul Krugman’s latest column in The New York Times, “Now and Later.” The burden of that column, if you can believe it, is that we in the West, especially in America, are not spending nearly enough money. Yes, that’s right, Comrade, the economy is depressed, in case you haven’t noticed it, and we need to stop with all this fiscal restraint we’ve been practicing and start spending some serious dough. “How hard,” asks the Times’s chief economic guru, “is that to understand?”]]>Mon, 21 Jun 2010 03:12:29 -0400<![CDATA[Roger Kimball]]>https://pjmedia.com/roger-kimball/2010/06/21/economic-reality-vs-wishful-thinking-the-case-of-paul-krugman-n116392