Unpleasant Fiscal Dominance?

Paul Krugman appears confused: Paul Krugman: Chris and the Ricardianoids: Here’s [Chris] Sims on fiscal policy: Fiscal expansion can replace ineffective monetary policy at the zero lower bound, but fiscal […]

Must-Read: Paul Krugman: Cheap Money Talks

Must-Read: Paul Krugman: Cheap Money Talks: “Late last year the yield on 10-year U.S. government bonds was around 2.3 percent, already historically low… …on Friday it was just 1.36 percent…. […]