Krugman Calls for Even More Money Printing

When the price inflation hits, and even the core CPI starts to soar, as it inevitably will, keep in mind exactly what "economist" Paul Krugman's advice is at this point in time:

The case for a more expansionary policy by the Fed is overwhelming...

Yet the Pain Caucus — my term for those who have opposed every effort to break out of our economic trap — is going wild...

 As a practical matter, however, this foreign criticism doesn’t matter much. The real damage is being done by our domestic inflationistas — the people who have spent every step of our march toward Japan-style deflation warning about runaway inflation just around the corner. They’re doing it again — and they may already have succeeded in emasculating the Fed’s new policy...

 The idea that higher inflation might help isn’t outlandish; it has been raised by many economists, some regional Fed presidents and the International Monetary Fund.