Posted on 01/05/2014 3:13:53 PM PST by Olog-hai
On April 28, 2013 Paul Krugman clearly said that 2013 was a test of market monetarism:
But as Mike Konczal points out, we are in effect getting a test of the market monetarist view right now, with the Fed having adopted more expansionary policies even as fiscal policy tightens.Yesterday (Jan 4, 2014) however, Paul Krugman, said:
…I don’t take seriously the claims of market monetarists that the failure of growth to collapse in 2013 somehow showed that fiscal policy doesn’t matter. …
(Excerpt) Read more at marginalrevolution.com ...
Paul Krugman is an economic genius. You can’t question him. We are not worthy. /sarc
Krugman has me totally confused. Inflation is much higher then is being reported, unemployment also. Either I am nuts or he is.
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