Krugman: Don't Mess With Scandinavia!

Krugman: Don't Mess With Scandinavia!
Paul Krugman, professor of international trade and economics at Princeton University and Nobel Prize-winning economist, pauses during a news conference at the 11th World Knowledge Forum in Seoul, South Korea, on Wednesday, Oct. 13, 2010. Krugman and Niall Ferguson, author of 'The Ascent of Money: A Financial History of the World,' clashed anew today over how to revive the U.S. economy. Photographer: SeongJoon Cho/Bloomberg via Getty Images
Paul Krugman, professor of international trade and economics at Princeton University and Nobel Prize-winning economist, pauses during a news conference at the 11th World Knowledge Forum in Seoul, South Korea, on Wednesday, Oct. 13, 2010. Krugman and Niall Ferguson, author of 'The Ascent of Money: A Financial History of the World,' clashed anew today over how to revive the U.S. economy. Photographer: SeongJoon Cho/Bloomberg via Getty Images

Nobel Laureate Paul Krugman questioned efforts to rein in welfare in Scandinavia after Denmark abandoned its universal benefits model and Sweden started prioritizing tax cuts over spending.

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