An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Saturday, March 16, 2013
Lord Keynes — Murphy on Keynesianism and Great Recession
Lord Keynes calls in Rothbardian Huerto De Soto and Friedrich Hayek to refute Robert Murphy's "refutation" of Keynesianism.
I dunno. He seems like a louse. Rather than contribute to conceptual understanding, he just cites conflicting scripture. And his empirical citations don't always pass the smell test. And since when is ignoring the circus of "post Keynesian" economics a valid response to a criticism. If LK thinks there's some relevant PK *idea* that Murphy is missing, then he should discuss that idea.
Give me srw over LK any day of the week. interfluidity teaches a lot more, with a lot lower grand-standing tax.
Lord Keynes the Austrian Slayer
ReplyDeleteI dunno. He seems like a louse. Rather than contribute to conceptual understanding, he just cites conflicting scripture. And his empirical citations don't always pass the smell test. And since when is ignoring the circus of "post Keynesian" economics a valid response to a criticism. If LK thinks there's some relevant PK *idea* that Murphy is missing, then he should discuss that idea.
ReplyDeleteGive me srw over LK any day of the week. interfluidity teaches a lot more, with a lot lower grand-standing tax.
I dunno. He seems like a louse.
ReplyDeleteAttack the messenger?