Paul Krugman is wrong; Obama DOES need to discuss Keynesian economics in his State of the Union address. Here’s why.
Read all about it, and a whole lot more at Angry Bear.
BTW, unless Beverly has a different Krugman source, I think she's misrepresenting what he said.
“What do you want to hear in the State of the Union?” Hayes asked Paul Krugman, the New York Times economic columnist and Nobel prize winner.
“What I’d like to hear, I’m not going to hear. I’d like to hear a full-throated endorsement of more stimulus.”
He explained instead what he did not want to hear: “This whole business with the sequester, all of this is, this is not the time for any of this, and the less he says about the deficit, the better. I mean I was really gratified by the second inaugural, because he said almost nothing about the deficit. He finally broke out of that beltway obsession with the deficit. So if he talks about other things, the middle class, inequality, climate, and not about what we need to balance the budget, that’s what I’m mostly hoping for.”
A full-throated endorsement of stimulus sounds pretty Keynesian to me, irrespective of deficits.