Krugman to Policymakers: Don't Let Bond Yields Scare You Into Paralysis
Long-term government bond yields have hit levels unseen since the mid-2000s, and Paul Krugman says the market is signaling something real: budget deficits are pushing rates up. He still urges policymakers not to let debt scaremongering derail their agenda, arguing the panic over debt service costs is overblown.