Krugman on Wages, Employment, and Inflation: Yet Another Reason He Can’t Be Taken Seriously

Here's yet another reason why Paul Krugman can't be taken seriously. One one hand, Krugman argues that the U.S. federal government should mandate an increased minimum wage of $9, so that workers will have more income with which to spend (which is where Krugman thinks economic growth comes from), and that increasing the minimum wage will not exacerbate unemployment (by pricing low-wage earners right out of a job). On the other hand, Krugman argues that there is a problem in the U.S. of "downwa...