Saturday, December 31, 2011

What Planet Is Paul Krugman From?

I cannot believe, after so much negative evidence has piled up, that there is still a serious Keynesian left in the public square. Yet, here is Paul Krugman, insisting that,
"Unfortunately, in late 2010 and early 2011, politicians and policy makers in much of the Western world believed that they knew better, that we should focus on deficits, not jobs, even though our economies had barely begun to recover from the slump that followed the financial crisis. And by acting on that anti-Keynesian belief, they ended up proving Keynes right all over again."
Keynes Was Right

Read for yourself and judge how deeply Mr. Krugman is addicted to the "blue pill."

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