They Want Their Deficit Crisis and They Want It Now

Paul Krugman is bemused:

Crying Fire! Fire! In Noah’s Flood: I’m getting a lot of rage from people who want their deficit-and-inflation crisis, and won’t take no for an answer.... By spring 2009 a sharp division had emerged among economic commentators... many people looked at big budget deficits and the rapid expansion of the monetary base, and saw terrible things happening to interest rates — who will finance all that government borrowing? — and inflation — look at all that money......