Tuesday, Feb. 22, 2011 | 2:02 a.m.
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In Paul Krugman’s Sunday column, “A fraudulent debate,” he writes that “slashing spending while the economy is still deeply depressed is a recipe for slower tax receipts.”
Mr. Krugman is an economist but he doesn’t seem to know that government spending is not the same as private investment income. Government spending doesn’t increase tax receipts, it just increases debt by spending money we do not have.
He thinks that more government spending and more government control would keep our economy free of any downturns and ensure continued economic growth forever. John Maynard Keynes was wrong and Mr. Krugman is wrong.
Maybe he should visit Cuba to see how a real government-controlled economy really works.
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