Krugman is not missing anything. I cannot believe he is that stupid. His intentions are bad, that's all. So he knowiling makes a wrong argument just to support his point of view. He is only interested in the short term and does not care about the future. In other words he is only interested in himself. Like a good Keynesian, in the long run we will all be dead. He is being intellectually false. It's ok if cares less about the future if he is honest enough to say so. That's what Keynes did.
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Perhaps Krugman’s Grandson Will Understand Government Debt
Krugman is not missing anything. I cannot believe he is that stupid. His intentions are bad, that's all. So he knowiling makes a wrong argument just to support his point of view. He is only interested in the short term and does not care about the future. In other words he is only interested in himself. Like a good Keynesian, in the long run we will all be dead. He is being intellectually false. It's ok if cares less about the future if he is honest enough to say so. That's what Keynes did.