Like borrowing at today's high rate and seeing rate lower tomorrow?

 

Krumgan has been wrong about low rates for forty years if one looks at the charts.

 The ten year has continually dropped and at any given moment Krugman is advocating more debt. Then net result? Government always pays the high rates of yesterday and wealth concentrates.

Krugman has always been a flat earther.  Never meets the Lucas condition of closing the space. Always with this open ended flat earth Hicksonian crap. Been doing it most of his life, wrong at every turn.

Last time I looked we were effectively at the 2.25% rate, interest charges (including SS) divided by debt.  Yet he claims we are paying .6%, but that is only for current debt and it takes about eight years for all of government debt to roll over to the low rates.  Thus, Krugman always constrains government, and the wealthy always benefit, and Krugman knows this yet continues to lie.