To: DeaconBenjamin
A trenchant analysis of Paul Krugman’s Keynesian approach to the U.K.’s economic problems with appropriate criticisms included. Well put.
2 posted on
05/25/2012 1:47:23 PM PDT by
Jim Scott
To: DeaconBenjamin
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.
3 posted on
05/25/2012 1:56:55 PM PDT by
RetiredTexasVet
(There's a pill for just about everything ... except stupid!)
To: DeaconBenjamin
but the fact that Krugman is a Nobel prize-winning economist gives ...me intestinal cramps.
4 posted on
05/25/2012 2:53:27 PM PDT by
Moltke
(Always retaliate first.)
To: DeaconBenjamin
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.
5 posted on
05/25/2012 4:30:36 PM PDT by
BfloGuy
(The final outcome of the credit expansion is general impoverishment.)
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