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PAUL KRUGMAN: Stop heeding pundits whose predictions go so wrong

Published 03/10/2013, New York Times

Four years ago, as a newly elected president began his efforts to rescue the economy and strengthen the social safety net, conservative economic pundits — people who claimed to understand markets and know how to satisfy them — warned of imminent financial disaster. Stocks, they declared, would plunge, while interest rates would soar.

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