Paul Krugman Blog – NYTimes.com
July 19, 2010 at 09:00 AM EDT
The way I read it, he’s agreed that it’s about inflation, not solvency. That is, in ratings agency speak, willingness to pay could be an issue, but not ability to pay. That’s enough for me to declare victory on that key issue, and move on. Not that I at all agree with his descriptions of monetary [...]