I love Paul Krugman’s analysis on economy and yes, I’m a regular reader of his column in NYT. Such a good insight on current economic issue and the latest article by him is another masterpiece on assessment of US’s wrong policy of debt deficit reduction. It’s not a debt deficit reduction that should be pursued, but job creation it’s the utmost priority to fix the ailing economy. In order to create the jobs, as the private sector hold back the spending due to uncertainty, government should take the role to spend to keep the engine running. Without any spending by either private or public sector, it could cause a catastrophic consequence and the most affected would be normal people on the street.
