Paul Krugman Calls For Higher Inflation to Solve the Unemployment Problem

Government subsidized economist Paul Krugman claims he has the answer for unemployment:

we could have W.P.A.-type programs putting the unemployed to work doing useful things like repairing roads — which would also, by raising incomes, make it easier for households to pay down debt. We could have a serious program of mortgage modification, reducing the debts of troubled homeowners. We could try to get inflation back up to the 4 percent rate that prevailed during Ronald Reagan’s second term, which would help to reduce the real burden of debt.

Paul Krugman: failed social engineer. It's time to cut the federal government's subsidy to Princeton.