Tuesday, June 4, 2013
Philip Pilkington: Paul Krugman and the Fatherless Keynesians
Phil explains the natural rate of interest, and why it is important even though wrong. Lots of very serious (neoclassical) people assume it, many of whom call themselves Keynesians. The bad results of (monetary) policy based on this mistaken assumption is giving Keynesianism a bad name. Paul Krugman is the poster child.
Naked Capitalism
Philip Pilkington: Paul Krugman and the Fatherless Keynesians
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