I think it’s pretty obvious that Mr Krugman is very committed to political goals, and will use his mental dexterity and knowledge and reputation to advance those goals.
People on the left side of the political spectrum, like Mr Krugman, tend to like inflation better than deflation. Why? Because it transfers wealth from people who have consumed less than they have produced to those who have consumed more than they have produced, and the latter group tends to be more left of political center than the first group. All politics tends to devolve down to grabbing more for your own group, and this is what Paul’s game is.
