11/26/2012 08:19 am ET Updated Jan 26, 2013

Paul Krugman: Fiscal Cliff Actually An 'Austerity Bomb'

These are difficult times for the deficit scolds who have dominated policy discussion for almost three years. One could almost feel sorry for them, if it weren't for their role in diverting attention from the ongoing problem of inadequate recovery, and thereby helping to perpetuate catastrophically high unemployment.

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