[Jim Scott]

A trenchant analysis of Paul Krugman’s Keynesian approach to the U.K.’s economic problems with appropriate criticisms included. Well put.

[RetiredTexasVet]

Sure, they want to bet the farm on Krugman who has been wrong 100% of the time. If you want to use Krugman, just do exactly the opposite of what he recommends.

[Moltke]

but the fact that Krugman is a Nobel prize-winning economist gives

...me intestinal cramps.

[BfloGuy]

Well. I certainly owe an apology to Jeremy Warner. I'd always thought him a dyed-in-the-wool Keynesian for his insistence that printing money is Europe's only way out of its current mess. Evidently, he's a monetarist à la Friedman.

Only slightly better, but still not a Keynesian. These are important distinctions.