Krugman hints at inflation remedy to fix crisis

Reducing the real value of debt burdens by stoking inflation is possibly the best bet to spur a global economic recovery, Paul Krugman, the Nobel laureate, said on Tuesday.

In the second of his three lectures at the London School of Economics, Krugman on Tuesday mooted "some inflation" as a solution to the current malaise. In keeping with his comments on the liquidity trap on Monday, Krugman noted that central banks needed for a number of years "to commit to delivering the kind of inflation t

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