the staff of the Ridgewood blog
Ridgewood NJ, Larry Summers, who was President Obama’s Treasury Secretary, is getting hammered by the left for becoming a thorn in the side of the Biden Administration. Summers is no fiscal conservative or supply sider, but he has rightly criticized Biden for killing the Keystone Pipeline. His latest claim is that Biden is pursuing the “least responsible” macroeconomic policy in decades.
Summers warning: “There are more risks at this moment that macroeconomic policy will cause grave risks than I can remember.”
Of course, “economist” Paul Krugman of the New York Times and a cheerleader for the rampage of irresponsible spending sees nothing wrong. In a “nothing to see here” response Krugman says ,“It took really more than a decade of screwing things up — year after year — to get to that pass [of runaway inflation], and I don’t think we’re going to do that again,” Oy vey, now that’s reassuring…lol.
Predicting the future course of the economy is always error-prone, but we will side with Summers in this debate, Krugman has a perfect record of never being right and always being wrong about everything. $5 a gallon of gas here we come.