Krugman schools Bill Kristol on pausing the AFA for a year.

Nobel Prize-winning economist Paul Krugman on Sunday told Weekly Standard Editor Bill Kristol that his argument over why President Barack Obama's health care reform law should be delayed was based on "policy ignorance."

"It happens, in fact, to be a very good law," Krugman insisted. "You see, one of the things, I think, that's going on here is just a failure on the part of the Republican caucus to actually understand anything about this thing... In fact, almost all of the substantive news about Obamacare over the last couple months has been good. The premiums are coming in well below expectations, health care costs are moderating. Probably there will be some technical glitches with computer systems, but those are not fundamental."

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