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September 4, 2013
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Letter to the Editor: Does the GOP understand economics?

This is a response to Jim Clark’s column, “Do Democrats understand economics?”

Paul Krugman, a Nobel prize winning economist, is a Democrat, so I guess the answer to Mr. Clark’s question is “yes.” Mr. Krugman, and the great majority of economists, will tell you that the last thing a government should do in a recession is cut spending, and that if Obama has done anything wrong, it’s not spending enough.

Economists feel that spending cuts were a major factor in prolonging and deepening the Great Depression. So my question is, does Mr. Clark understand economics?

Jack Kashtan

Truckee


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Tahoe Daily Tribune Updated Sep 4, 2013 06:12PM Published Sep 4, 2013 05:06PM Copyright 2013 Tahoe Daily Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.