Fred Hiatt and His Friends' Push for Austerity Did Far More Damage to the Country than Projected Budget Deficits Ever Could

The Washington Post's editorial page is notorious for refusing to own up to its mistakes. In true Trumpian spirit, the paper still has not corrected an editorial touting the success of NAFTA which absurdly claimed Mexico's GDP had more than quadrupled between 1987 and 2007. The correct number was 84.2 percent.

Anyhow, Fred Hiatt, the editorial page editor, is now complaining again about the horrible harm that will be caused by future deficits. In any plausible scenario, the potential harm fro...