Paul Krugman's Substack article from 2026-08-20, circulated through 2026-08-21, argued that Democratic policymakers should not allow deficit scaremongering to derail progressive economic agendas, citing Obama-era precedent. He advocated restoring tax progressivity to reverse oligarchy and manage deficits.
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The media noise about the deficit is just that-useless noise so you look away from the massive corruption Trump Inc is perpetrating! STOP GIVING THEM OXYGEN! paulkrugman.substack.com/p/the-case-a... Don’t let the Very Serious People undermine a progressive agenda — again
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“So Dems should aim to restore the progressivity of the US tax system,which would both help reverse our descent into oligarchy and help make the budget deficit more manageable.But the lesson from the Obama years is that they must not let themselves be intimidated by dire warnings about an imminent debt crisis.These warnings were totally wrong 15 yrs ago, and will still be wrong in 2029 even if int
The Case Against Bond Market Panic paulkrugman.substack.com/p/the-case-a...