“The Only Thing to Fear is Deficit Fear Itself”

by Brian Maher
Daily Reckoning

Dr. Paul Krugman — a man of knowledge — is talking again. The Nobel laureate informs us:

“The only fiscal thing to fear is deficit fear itself.”

Do you fear the latest cyclone of deficit spending will rip a swath through the Treasury?

This year’s budget deficit will likely near $4 trillion, after all — the largest in history.

Goldman Sachs estimates a $6 trillion combined deficit over the next two years alone.

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