PAUL KRUGMAN WORRIES ABOUT MONETIZED DEBT, HYPERINFLATION, AND DEFICITS — back in 2003. “Now we flash forward to 2010 and in KrugWorld the temptation of politicians to inflate our debt problems away has evaporated and anyone who opposes the monetization of government debt or worries about inflation that no one can yet see (unless they look at commodity prices) is a scoundrel. Good to know.”