OK, let's be grownups about it. He meant it as a 'symbolism' or something. But what he was referring to is that Obama needs a new boogeyman to excuse an even bigger government expansion, even bigger spending beyond GDP, even bigger deficit, and then "erase" it all by rampant inflation. The result of which, which he doesn't mention - is destruction of private wealth, because inflation would erase everyone's savings, and the government ends up owning everything. And oh - yea - he's just begging for a world-war, isn't he?
Krugman - not much of an intellectual, more of a target of ridicule these days.
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