I like Dan Mitchell. He’s a great economist. Sometimes, I wish he’d word things a bit different, but, that’s a matter of taste, I suppose.
In his latest, he makes a mockery of some of Krugman’s latest idiotic assertions …..
I’m tempted to feel a certain degree of sympathy for Paul Krugman.
As a leading proponent of the notion that bigger government stimulates growth (a.k.a., Keynesian economics), he’s in the rather difficult position of rationalizing why the economy was stagnant when Obama first took office and the burden of government spending was rising. …..
He goes on to talk about the US, but, that’s not the money shot ….. this is.
In other words, Krugman actually is being slippery and misleading in his analysis of American austerity.
But that’s nothing compared to his analysis of so-called austerity on the other side of the…
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