There's a lot that makes sense here. Some of the high points: It’s true that foreigners now hold large claims on the United States, including a fair amount of government.
Congrats to Paul Krugman! I guess everyone else is either dead or has already won...
What hilzoy said. What is up with Paul Krugman? It's not even just that he has some sort of middle school personal nit to pick with Barack Obama. It's that...aren't.
I agree with Matt that 1)it was stupid of Obama's campaign to pick a fight with Paul Krugman, but 2)Krugman's point is very misguided. I don't think that Obama's rhetoric.
