Republicans learn the wrong lessons from Europe's debt woes, Paul Krugman writes, as evidenced...

|By:, SA News Editor

Republicans learn the wrong lessons from Europe's debt woes, Paul Krugman writes, as evidenced in the GOP response to Obama's State of the Union address. The correct lesson isn't “cut spending now, or bad things will happen," he says, it's that "balanced budgets won’t protect you from crisis if you don’t effectively regulate your banks."