Trump and Krugman Agree: Print More Money

President Trump thinks monetary policy is to tight and so does New York Times columnist Paul Krugman.

2% was supposed to be high enough that the economy would hardly ever hit the zero lower bound -- but given what happened after 2008, it clearly wasn't. So the Fed should let the expansion go on 3/

— Paul Krugman (@paulkrugman) October 12, 2018

But bizarrely, Krugman attacks Trump for holding the same inflationist position.

So the Fed isn't a sacred body that mustn't be criticized. Indeed, it's OK for elected officials to weigh in on monetary policy. But such criticism is only legit if it isn't nakedly driven by self-interest. And everything Trump does is naked self-interest. 5/

— Paul Krugman (@paulkrugman) October 12, 2018

This pretty much exposes Trump Fed policy.  It is Keynesian. The only difference being that Krugman can do the bogus math equations used to justify Fed money printing and Trump can't. It is driving Krugman crazy that such a buffon is supporting his position.

-RW