As I understand it, matching Paul Krugman's macroeconomic wits against those of Joe Scarborough is, along with cock fighting and child abuse, illegal in all the civilized states, which is why, I suppose, Mr. Scarborough has had to humiliate himself by running to Daddy.
This is almost too pathetic. Hear Joe roar. Well, hear his ghostwriter roar, anyway, as Joe himself quivers behind the fact sheets and talking points of this literally Randian bogeyman. Yet even here, you will note, what Krugman and other mainstream economists are arguing is never actually refuted. The counterargument presented is mostly an appeal to fear, interspersed with frequent modifiers and maybes.
Scarborough's austerity-love is pretty basic stuff--nothing you haven't already heard or read a thousand times elsewhere, and in practice has been exposed as a macroeconomic fraud. Even the stenographic angst of Joe's ghostwriter can't conceal that. Yet Joe splendidly rises to the occasion in classic Scarboroughesque form, and concludes with this imperial flourish:
Anyone who suggests [we're wrong] operates well outside the mainstream of where serious economists reside.
There! Take that!